CADJPY: ⬆️ Buy

– CADJPY broke resistance zone

– Likely to rise to resistance level 111.30

CADJPY currency pair recently broke the resistance zone between the resistance level 109.60 (which stopped wave (1) at the start of October) and the 50% Fibonacci correction of the downtrend from July of 2024.

The breakout of this resistance zone accelerated the active intermediate impulse sequence (3) from the middle of October.

Given the clear daily uptrend, CADJPY currency pair can be expected to rise further to the next resistance level 111.30 (former multi-month high from November).