CAD/JPY gained sharply on board-based Yen weakness. It hits an high of 104.86 at the time of writing and is currently trading around 103.42.
Technical Analysis
CAD/JPY is currently trading above the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 105; a breach above this level could shift targets to 106/107/108.25. On the lower side, near-term support is at 103.90 and a break below this support could lead to declines toward 103.40/103/102.50/10.65/101/100.
Indicator Trends
CCI (50)- Bullish
ADX (14)- Bullish
Trading Strategy Recommendation
It is good to buy on dips around 103.90 with a stop-loss at 103 and a target price of 107.


FxWirePro- Woodies pivot (Major)
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97 



