Elliott Wave Analysis: CAD/JPY Intraday View

 | Mar 07, 2017 04:15AM ET

CAD/JPY is moving lower, away from 85.70, but slow price move and a three wave structure is suggesting that this is only a temporary decline; maybe even wave 2) so next reaction is expected to be to the upside, from 84.70 area while market is trading above 84.17.

CAD/JPY, 1H