LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

CADJPY reversed from resistance area likely to fall to 82.00

CADJPY recently reversed down sharply from the resistance area lying between the strong resistance level 83.25 (former multi-month high from July) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active impulse wave. Given the rising bearish sentiment affecting the Canadian Dollar – CADJPY is likely to fall further toward the next support level 82.00 (former resistance level which created the Double Top in September).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.