CADJPY - weekly outlook

27 Mar 2022

The price just finished the strong breakout from the triangle and now start to form swings and move up in tight channel. I would say, that the price will hit 100 before move to the next stage - broad channel or trading range. Price level 100 i also theoretically the end of Wave 5 from the Impulse. This is also the area of previous resistance area and in this area there is an order block.