CADJPY - Falling Wedge Pattern - Weekly Chart - Target 85.884

There is a formation of a falling wedge pattern in CADJPY in a weekly time frame chart. This pattern can be drawn by joining lower highs and lower lows, and one can enter into a long position provided pair gives weekly closing above lower highs with 78.105 as a stop-loss. On a strong breakout, the pair will hit 85.884 as a first target and 90.143 as a second target.