CAD/JPY – resistance line breached

CAD/JPY - resistance line breached
CAD/JPY has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 14 days and suggests a possible target level to be around 106.9089 within the next 23 hours.

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