CAD/JPY Wedge Forming


There we have a CAD/JPY pair 4H timeframe.
As we can see this pair nicely forming a wedge pattern.

If the price will break descending trendline to the upside, we will see the new bullish leg into the 83.770 zones.

If the price will break marked zone to the downside we can expect bearish momentum to the downside.

The next important resistance is 83.7700

The next important support is 82.1420