CADJPY is trading in a bullish trend on a daily.
The price has formed an ascending triangle formation respecting 101.8 resistance.
I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area.
Daily candle close above will confirm a violation.
A bullish continuation will be expected to 103.0 level then.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.