CADJPY NEAR CHANNEL SUPPORT

11. Jan. 2017

MARKET ANALYSIS: The price is now trading inside a ascending channel. it has reached the support level. The market came and took a strong support level at the 61.8% fib level. So if the channel support holds we can expect a move to the next possible resistance zone. A break below can make the price to move towards the support zone then start rally to the resistance zone. So lets wait and see what the market does in the coming days. Cheers!