CAD/JPY pared some of its gains due to profit booking. It hit a high of 105.41 yesterday and is currently trading around 104.50.
Technical Analysis
CAD/JPY is currently trading above the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 105.50; 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)- Neutral
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: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
NZDJPY Bullish Above 95: Buy Dips Toward 97 as Kiwi Strength Holds Firm
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates
FxWirePro: AUD/USD bulls struggles as upside momentum fades
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40 



