Canadian Yen Weekly Technical Analysis

The Canadian yen is moving in a descending price channel. The decline is expected to continue from the resistance area at 88.44 levels, to target the support area at 85.47 levels, from which we expect the week’s bottom to form.
But in the event that a four-hour candle closes above 88.76, it is expected to rise and target the second resistance area at 89.81 levels, from which it is expected to form the top of the week.