CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 92.25, 92.73, 93.05
Key Support Levels: 91.63, 91.18, 90.76
The price on the higher time frame has seen a bullish run and currently, the price looks to continue the trend as we see good momentum. Recently, the chart broke the resistance zone of 91.62 and looks to be sustained above the zone. We expect the run to continue for the upcoming days.
CAD/JPY Medium-Term Trend: Bullish
On the lower time frame, we have seen that the pair was trading between a zone of 91.62 and 90.39. Currently, the price picked up momentum and broke the zone while forming a higher-high, higher-low pattern. The previous resistance zone should now work as a support zone.
Buy Stop Order @ 91.96
TP 1 @ 92.66
TP 2 @ 93.05
Stop Loss @ 91.62
Trade Safely 🙂