The CAD/JPY is making bullish zig-zags with clear rejection in the POC zones. Continuation happens as long as the price is above W/D H3 Camarilla Pivot.
Since we have returned from the very successful seminar with XM and our partners FXStreet we had 7 wins and 0 losses with ecs.LIVE trading room. Re today’s setup – 83.78-88 is the next POC zone. We see a trend line, a rounded bottom, T-89 and HTF momentum. We see clear rejections from the zone that indicate fresh buyers. Target is 84.20. Only on a strong momentum and Yen weakness we should see W H5 touch 84.70. I’d still aim for the first target around 84.20.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX