CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 109.61, 110.28, 110.75
Key Support Levels: 108.72, 108.14, 107.47
The price on the higher time frame has been in an uptrend for some time. It has tested a support level at 101.88 several times and recently it has found another support at 107.31 level. The pair is continuing the move after testing this level.
CAD/JPY Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It bounced after testing the support level of 107.47 and broke the resistance level of 108.37 The pair has now broken and retested another level of 108.72 before continuing the momentum.
Buy Stop Order @ 109.05
TP 1 @ 109.47
TP 2 @ 110.31
Stop Loss @ 108.63
Trade Safely 🙂