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CAD/JPY Potential Upward Movement

CAD/JPY Long-Term Trend: Bullish

Key Resistance Levels: 111.156, 111.659, 111.958

Key Support Levels: 110.382, 109.955, 109.237

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 97.175 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

CAD/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 109.237 and 109.955 and has sustained above that. As of now the pair has broken and retested a minor level of 110.382 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 110.710

TP @ 111.134

Stop Loss @ 110.285

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


  1. Hi sir is the trade still valid

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