FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD falls as investors assess Britain's political transition 
FxWirePro:USD/JPY hovers near 40-year, bias bullish 
FxWirePro: USD/CAD advances as loonie dips on softer Inflation and Middle East uncertainty 
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 
FxWirePro: AUD/ USD eases as risk sentiment remains fragile 
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target 
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely 
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs 
CAD/JPY Surges on Broad-Based Canadian Dollar Buying 
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral 
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs 
FxWirePro: EUR/AUD recovers slightly from early decline but bears are not done yet 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
CAD/JPY showed a minor pullback after Canadian CPI data. It hit a high of 104 and is currently trading around 103.98
In April, Canada's year-over-year CPI inflation eased to 1.7%, driven by a steep decline in energy prices, and month-over-month CPI declined modestly less than expected. Underlying measures of inflation, including core, median, trimmed, and common CPI, all increased year-over-year, indicating persistent inflation pressures in the Canadian economy despite moderation in headline inflation.
Technical Analysis
CAD/JPY is currently trading below the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 104.50; a breach above this level could shift targets to 105/105.51/106/107/108.25. On the lower side, near-term support is at 103.50 and a break below this support could lead to declines toward 103/102.50/10.65/101/100.
Indicator Trends
CCI (50)- Bearish
ADX (14)- Neutral
Trading Strategy Recommendation
It is good to sell on rallies around 104 with a stop-loss at 105 and a target price of 100.
