CAD/JPY gained sharply on board-based yen weakness. It hits an intraday high of 106.86 and is currently trading around 106.84.
Technical Analysis
CAD/JPY is currently trading above the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 107.35; a breach above this level could shift targets to 108.25/109/110. On the lower side, near-term support is at 105.90,and a break below this support could lead to declines toward 105/104.78/104.50/103.85/103/102.50/10.65/101/100.
Indicator Trends
CCI (50)- Bullish
ADX (14)- Bullish
Trading Strategy Recommendation
It is good to buy on dips around 106.50-52 with a stop-loss at 105.80 and a target price of 109.


JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
FxWirePro- Woodies pivot (Major)
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: AUD/ USD eases as risk sentiment remains fragile
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223 



