Technical Analysis

CADJPY Daily

Price came off MS1 and daily support level. As a bull on JPY pairs, I'd look for 2nd opportunity to go long on this pair again.

CADJPY 4HR

Price bounced off 61.8 Fib and 86.00 psych level. It is also in confluence with WM2 - bulls buy zone for the week. I'd look to buy and hold this pair till the end of the week with target level around WM4 or 88 psych level.

CADJPY 1HR

On hourly, price is retracing at the moment, I'd look for reversal signs on 15min TF around the support level for buy entry. Alternatively, I'd consider buying the breakout trade as my 2nd option.

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