AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge 
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish 
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path 
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: USD/CAD retreats slightly but trend is still bullish 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
CADJPY pared most of its gains on the weak Canadian dollar. It hit an intraday low of 110.23 and is currently trading around 110.29
Market eyes Canadian retail sales for further movement.
The retail sales data for Canada in October 2024 is expected to show continued growth in consumer spending. Monthly sales are projected to rise by 0.4%, following a solid 0.4% increase in September. Year-over-year, sales are expected to grow by about 1.4%, demonstrating resilience despite economic challenges.
Technicals-
The pair is trading below 34- and 55 EMA in the 4-hour chart.
The near-term resistance is around 111, a breach above targets 112/112.92/114.85/116.05/118/118.65. The immediate support is at 110.50, any violation below will drag the pair to 109.25/107.99.
Indicator ( 4 hour-chart)
CCI (14)- Bearish
ADX- Bearish
All indicators confirm a bearish trend.
It is good to sell on rallies around 111 with SL around 112 for a TP of 108.
