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[QUOTE="riki143, post: 124414, member: 29499"] [B]CAD/JPY broke support zone[/B] 3/22/2017 CAD/JPY broke support zone Next sell target - 82.00 CAD/JPY continues to fall sharply after the earlier breakout of the support zone lying between the support levels 85.00, 84.00, 100-day simple moving average, support trendline of the daily down channel from December and the 38.2% Fibonacci retracement of the previous sharp upward impulse from the start of November. The breakout of the aforementioned support zone accelerated the active intermediate impulse wave (3) – which belongs to the long-term downward impulse wave ⑤ from December. CAD/JPY is expected to fall further to the next sell target at the support level 82.00. [IMG]https://new.fxbazooka.com/img/articles/12965/CADJPY_-_Primary_Analysis_-_Mar-22_1654_PM_(1_day).png[/IMG] More: [URL]https://new.fxbazooka.com/analytics/12965[/URL] [/QUOTE]
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