CADJPY touch RESISTANCE zone and FALLING

The last half of the year, the price movement of this currency pair is very uneven. It is accompanied by strong collapses and equally strong price surges. At the same time, the pair maintains an uptrend, which is guided by the support line formed in May 2020.

The price went almost exactly as I said in my previous idea.

Also, at the lows and highs of the price, two zones were formed: support - 80.6 and resistance - 81.3. And after last November the price bounced off the support line 79.2, it consistently broke through the support zone and the resistance zone.

However, after the breakdown of the resistance zone, the price fell almost immediately, it did not have enough strength to grow further. During the fall, the price again came to the support zone, tried to break it out, but eventually pushed off and started to grow.

Now the price is close to the resistance zone 81.3. And I expect that first of all, it will complete the growth and touch this area. And after that, it will unfold in the fall. Thus, I expect the target - support zone 80.6.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻