Is Cadjpy ready to go down?

On 15th June, we forecast a real strength in Yen. Yen pairs were expected to start falling according to the analysis titled Yen is expected to strengthen acrross board.

After a while, UsdJpy started falling but the Cadyen moved within a range.

We have been watching cadjpy for some time . The completion of the recent medium term bullish move could mean the completion of the long term zig zag correction which started in february.

The chart below shows the intra day wave count. A break below 99.45 could mean the continuation of the bearishness that paused before february.