CAD/JPY Price Long-Term: Bullish
Key Resistance Levels: 84.80, 85.75, 86.80
Key Support Levels: 83.95, 83.23, 82.13
On the daily time frame, the price is in a clear upward movement by smashing all the daily resistances and posting higher highs and lows. A correction count has been seen to the daily support @ 83.95.
CAD/JPY Medium-Term Trend: Bullish
On the 1-hr time frame, the price managed to break the white trendline and stall near the strong support. Our expectation is a move upward to the 85.10 mark.
Buy Stop Order @ 84.26
TP 1 @ 85.07
TP 2 @ 85.75
Stop Loss @ 83.87
Trade Safely 🙂