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.


AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro-Major European Indices
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 



