Lingrid

CADJPY FALLING from strong RESISTANCE zone

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FOREXCOM:CADJPY   加元/日元
Moving in an upward trend since March last year, the price reached a strong resistance zone at 85.96. This zone is formed by two lines. The first is the trend resistance line, the second is the strong line of 2014!

From this zone, I expect the beginning of the fall. An additional reason to expect a drop is that the price has stuck to a rise since January of this year. And as you know, such a long-term growth must end with at least a correction. Thus, my final target is the support zone 82.04.

Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

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