CAD/JPY upside breakout, targets 108.52, then 109.93

[PocketOption]

CAD/JPY upside breakout, targets 108.52, then 109.93

CAD/JPY breaks through 107.62 high today on broad based Yen selloff. The break of near term channel resistance also indicates upside acceleration. Further rally is expected now as long as 106.55 minor support holds. Next near term targets are 161.8% projection of 101.39 to 105.07 from 102.57 at 108.52, and then 200% projection at 109.93. […]

The post CAD/JPY upside breakout, targets 108.52, then 109.93 appeared first on Action Forex.

Source: CAD/JPY upside breakout, targets 108.52, then 109.93