A Rising Wedge has formed, CAD/JPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

CAD/JPY approaching resistance of a Rising Wedge
CAD/JPY is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of CAD/JPY could test 111.9099 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Want to get full Autochartist Access including the Autochartist Market Scanner for MetaTrader, Market Report Emails,
Autochartist Mobile App, and the full Autochartist Web App?

Subscribe here: ChartViper Subscriptions
Join us on Telegram