29.04.2020
The overall trend is downward. A start fractal has formed below the 135 moving average, followed by a signal fractal. A breakout of the start fractal will result in the formation of a descending 1-2-3 pattern and a breakout of the price pivot zone of 76.28. A bearish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are directed down from the overbought zone.
Trading recommendations:
Sell below 76.28.
Stop loss: 76.50.
Target levels: 76.09; 75.87; 75.59.
The CADJPY rate online: monitor the movement of the pair in real time.
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