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16 Apr 2015
CAD/JPY might continue to the topside – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team notes technicals suggest further upside potential for CAD/JPY.
Key Quotes
“In this minor pair the one resistance and the range since this year is just broken by yesterday’s price candle. It’s possible that this long direction will continue. The MACD indicator shows after low momentum in price action a probable start into clearly movements. If the resistance will be broken sustainable, it might be possible to profit on the buy side.”
“Support Levels around 94.15, 91.65”
“Resistance Levels around 96.86”
Key Quotes
“In this minor pair the one resistance and the range since this year is just broken by yesterday’s price candle. It’s possible that this long direction will continue. The MACD indicator shows after low momentum in price action a probable start into clearly movements. If the resistance will be broken sustainable, it might be possible to profit on the buy side.”
“Support Levels around 94.15, 91.65”
“Resistance Levels around 96.86”