CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 111.156, 111.659, 111.958
Key Support Levels: 110.382, 109.955, 109.237
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
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.
Buy Stop Order @ 110.710
TP @ 111.134
Stop Loss @ 110.285
Trade Safely 🙂