The Final Upward Push for CAD/JPY | Elliot Wave Analysis
It has roughly taken the CAD/JPY exchange around five months to complete a four wave impulsive push to the upside, and this analysis is based off wave three being the most impulsive, and waves two and four being opposite corrections of each other (wave two: flat correction | wave four: zig zag correction), both observations in correlation with the wave's guidelines. Wave 5 is the final impulse to complete its five wave impulsive phase and go into its months correction. Based off this analytical speculation, CAD/JPY will rise up to the level of 91.317 at the very least for a +38.2% gain (and this ratio being based off the mathematical correlation of phi in size comparison of the previous four waves) for the JPY quote in comparison with its Canadian Dollar base in the next few weeks.
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