CAD/JPY Technical Analysis – 1H Chart
Price is currently trading near 103.93, testing the Entry Area (103.80–104.30), which has been acting as a key consolidation zone. A breakout above this level could trigger bullish momentum, with targets set at 106.14 (1st Target) and 107.23 (2nd Target).
If buyers step in and sustain above the entry zone, a move toward 106.14 becomes likely. However, failure to hold above 103.80 could lead to further downside.
Key Levels:
- Support: 103.80
- Resistance: 106.14, 107.23
Outlook: Bullish bias if price breaks above the entry zone, confirming an upward move.
If you enjoy, press the like button.
Price is currently trading near 103.93, testing the Entry Area (103.80–104.30), which has been acting as a key consolidation zone. A breakout above this level could trigger bullish momentum, with targets set at 106.14 (1st Target) and 107.23 (2nd Target).
If buyers step in and sustain above the entry zone, a move toward 106.14 becomes likely. However, failure to hold above 103.80 could lead to further downside.
Key Levels:
- Support: 103.80
- Resistance: 106.14, 107.23
Outlook: Bullish bias if price breaks above the entry zone, confirming an upward move.
If you enjoy, press the like button.
Order cancelled
price didn't come to our entry area.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
Disclaimer
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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
Disclaimer
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.