21.05.2020
The support level of 77.15 holds back sellers. A pennant trend continuation pattern has formed on the chart. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when an ascending 1-2-3 pattern is formed, strictly on the breakout of the upper border of the pattern.
Stop loss below the support level of 77.15.
Target levels: 77.75; 78.19.
The CADJPY rate online: monitor the movement of the pair in real time.
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