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CADJPY analysis 21.05.2020

CADJPY 

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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