After Brexit results CADJPY dived and created new support in 77.18 area. Then there was a bullish correction to resistance at 79.95 and then there was another depreciation to support area. It defended against further drop once and now it is for another time on the support.
On H4 chart sentiment is bearish, maybe there will be break of 77.18 support. If bear will manage to do it, we should wait for bullish correction to the broken support and then look for sell signal to weekly support in 74.70 area. If there will be any buy signal, we can take a risk and open long position to 79.95 resistance area.
