CAD/JPY breaks trend line support on board-based Canadian dollar weakness. It hits an intraday low of 112.77 and is currently trading around 112.82.
Technical Analysis
CAD/JPY is currently trading below the 34- and 55-EMA and above 200 EMA and 365 EMA on the 4-hour chart. The immediate resistance is at 113.67; a breach above that level could shift targets to 114/115/116/116.91. On the lower side, near-term support is at 112.60, and a break below this support could lead to declines toward 112/111.69/ 111/110.50/110/109.50/109.
Indicator Trends
CCI (50)- Bearish
ADX (14)- Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 113 with a stop-loss at 113.85 for a target price of 111/110.


FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro- Woodies Pivot (Major)
FxWirePro:EUR/NZD bears maintain upper hand
AUDJPY Surges to One-Month High on Australian Dollar Strength
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum 



