After a pullback on 78.16, a powerful bullish on parity was reached CAD / JPY 79 and thebreak gave us a new buy signal.
Currently the pair is testing resistance at 79.50 next.
All indicators are bullish.
Parity continues to evolve its bullish channel (black lines).
We continue to advise long positions as the support is 78.50.
Rupture of 79.50 give a new buy signal and pave the way for 50
In case of return to 78.50, we will be neutral between this level and 78.16
Currently the pair is testing resistance at 79.50 next.
All indicators are bullish.
Parity continues to evolve its bullish channel (black lines).
We continue to advise long positions as the support is 78.50.
Rupture of 79.50 give a new buy signal and pave the way for 50
In case of return to 78.50, we will be neutral between this level and 78.16
