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31-7-2022

Image 2022 07 24 19 09 58 1

The Pound price continues to attempt to perform a downward reversal, and it is possible that the development of a series of the first 1-2 1-2 waves downwards is still going on at the lower degrees. If the current assumption receives support, then fixing the price below the confirming level may increase the pressure on the pair’s value. Also, this assumption can be supported by sentiment data, which almost came close to a critically large number of bulls.

29/08/2022

          The Canadian dollar is still trading in a correctional framework, against the Japanese yen is represented in the wave (4).

Cadjpy 2022 08 27 03 02 49

20/8/2022

The Canadian dollar against the Japanese yen is still trading in a corrective wave in the form of a triangle, representing the wave (4). The upper critical limit is represented in 107.647 the lower critical limit in 101.424, which prices should not exceed until the pattern is completed, and any breach of one of them represents a failure in the pattern.

Cadjpy 2022 08 20 02 44 19

03/09/2022

It is still trading within the corrective wave (4) that targets 38.2% retracement of wave (3) at 93.740. and it’s critical limit that cannot be breached to prevent overlap with the wave (1) is 78.479.

Cadjpy 2022 08 31 23 35 20

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Cadjpy 2022 08 22 09 14 12

Looking for more upside in wave (5) after this retrace in wave (4) ends, critical support at 73.827

Cadjpy 2022 08 22 09 13 17

Looking for more upside to complete wave y, critical support at 73.827