CAD/JPY forms Bearish Bat Pattern
Harmonic Pattern Formed – Bearish Bat Pattern
Potential Reversal Zone (PRZ) - 86.30
The pair has made a high of 86.19 at the time of writing and started to decline from that level. It is currently trading around 86.
Intraday trend is slightly weak as long as resistance 86 holds. Any break above 86.30 will take the pair to next level around 87.05/88 in short term.
The pair’s minor support is around 85.40 and break below targets 84.50/84.10.
It is good to sell on rallies around 86-86.10 with SL around 86.30 for the TP of 85.40/85.10
Potential Reversal Zone (PRZ) - 86.30
The pair has made a high of 86.19 at the time of writing and started to decline from that level. It is currently trading around 86.
Intraday trend is slightly weak as long as resistance 86 holds. Any break above 86.30 will take the pair to next level around 87.05/88 in short term.
The pair’s minor support is around 85.40 and break below targets 84.50/84.10.
It is good to sell on rallies around 86-86.10 with SL around 86.30 for the TP of 85.40/85.10