CAD/JPY Long-Term Trend: Bullish
Key Resistance Levels: 90.77, 91.60, 92.00
Key Support Levels: 89.69, 88.24, 87.00
The price on the higher time frame is posting higher highs and lows indicating that we are in a clear uptrend movement. After a huge rally a correction has been posted to the 89.24 USD mark, and we could see after it a move upward again.
CAD/JPY Medium-Term Trend: Bullish
On the 1-hour time frame the price is trading inside a bullish flag where the price found buyers around the 61.80% Fibonacci level. the price succeeded to break this flag to the upside, and we expect a further upside movement to our target profit.
Buy Market Order @ 89.97
TP 1 @ 90.63
TP 2 @ 90.77
Stop Loss @ 89.69
Trade Safely 🙂