CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 93.43, 94.33, 95.42
Key Support Levels: 90.96, 90.01, 89.42
The price on the higher time frame was trading in a range for quite some time and tried to break to the downside but the move did not sustain and the price was rejected. As of now, the price has broken the resistance level of 92 with good momentum and looks bullish.
CAD/JPY Medium-Term Trend: Bullish
On the lower time frame, the price is moving in the major trend’s direction. The price has been strong and maintaining a trendline. The pair has broken a resistance level and continues the move after retesting that level.
Buy Limit Order @ 92.40
TP 1 @ 92.90
TP 2 @ 93.40
Stop Loss @ 91.91
Trade Safely 🙂