Ichimoku Analysis (4-hour chart)
Tenken-Sen- 86.72
Kijun-Sen- 86.75
Previous week High- 87.73
Previous Week low-86.37
CADJPY is trading weak for the second consecutive days and jumped more than 100 pips. The decline was was mainly due to the weak Canadian dollar. The weak Canadian manufacturing sales and spread of delta variants across the globe are putting pressure on the Canadian dollar at higher levels. The intraday trend of CADJPY is bearish as long as support 88 holds.
USDCAD Analysis-
USDCAD is consolidating in a narrow range after pullback till 1.27600 level. Markets eye Canadian CPI data which is to be released today for further direction. Any breach above 1.2780 confirms short-term bullishness.
USDJPY-
It has broken significant support 109.40 after a long consolidation. The intraday resistance to be watched is 109.65. Significant support is around 109.
CADJPY-
On the higher side, the pair is facing resistance at 86.50. Any indicative surge past targets 87/87.20/87.50.
The significant support is at 85.90, any decline below that level will drag the pair down to 85. Bearish Trend continuation only below 84.65. A dip till 83 is possible.
It is good to sell on rallies around 86.55-60 with SL around 87.20 for the TP 84.70.


FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major European Indices
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major European Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



