CAD/JPY Forming A Wedge?

 | Oct 10, 2012 09:13AM ET

Currently we are at 80.16 just below the R3. The expected move is up first to the 0.618 Fibonacci/resistance in the 80.50 area which could be a top. A break up here suggests a bigger move to the R4 at 81.13. The daily ATR (Average True Range) is 61 Pips.