. There is a possibility of temporary retracement to suggested support line (78.33). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. CADJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 70.
TP1= @ 78.63
TP2= @ 78.82
TP3= @ 79.27
TP4= @ 79.60
TP5= @ 80.14
SL= Break below S2
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