CAD/JPY
Since the start of casualties in the financial markets about four months ago, the loonie-yen pair Japanese lost about 1300 points! After all the way down from the peak recorded in the month of open around 89.50 and up to the minimum recorded 76.80 for fifteen days. It is a deep, aggressive bearish sequence that was stopped exactly the last level of support 77.01.
We recommend buying above the 77.01 level as it is an indication of a high potential for reversal and the start of an upward sequence. The objective of short-term price is around the level of 80.30 Canadian dollar Japanese yen.
