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CADJPY RALLIED IN THE WAKE OF STEADY RATE BY BOJEarlier today, May 1st, The Bank of Japan (BoJ) maintained its interest rates at 0.5%, with a dovish outlook, including trimmed growth and inflation forecasts. This stance suggests a lower likelihood of near-term rate hikes, this priced in a weaker Yen and hence the Yen lagged across board. The Canadian Dollar on the other hand being strengthened by the recent rebounds in oil prices took advantage of that, hence the surge in CADJPY. TECHNICAL VIEW From technical perspective, prices were supported at 104.35 after it broke out of a major psychological barrier level of 104. Price rallied to the strong supply zone of 105 and currently hovering around 105.06. From technical lenses, the oscillators: RSI and Stochastic are over stretched hinting signs of possible pullback as they have gone above over bought levels and created bearish divergence: price is forming Higher High and both indicators are possibly forming Lower High simultaneously. Other things being equal, analysts likely predict price to drop with potential target around 104.35 and if that is taken out, the next potential targets would be 104 and 103. On the other hand, if the bullish momentum is sustained, a break above 105.39 would usher in 106 psychological level. Breakouts of these levels are not ruled out as per analysts.
by CFI
CADJPY Technical & Order Flow Analysis (Swing Trading)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view, the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment!
Long
by dkb14246
2
CADJPY BUY TRADE PLAN🔥 CADJPY SWING BUY TRADE PLAN 🔥 
📅 Date: 5 MAY 2025
 📋 TRADE PLAN OVERVIEW: * Type: Swing * Direction: Buy * Confidence: ⭐⭐⭐⭐ (86%) * Risk:Reward: 3.8:1 * Status: Waiting 📌 Guidance Note:
This is the Primary HTF Buy Plan based on the D1 bullish continuation structure after CHoCH and iBOS confirmation. Risk priority: 1.0%. Execution on H4 structure or confirmed H1 sweep + breaker block. 📈 MARKET BIAS & TRADE TYPE: * Bias: Bullish 📈 * Trade Type: Continuation (HTF swing leg continuation off deep retracement) 🔰 CONFIDENCE LEVEL: * ⭐⭐⭐⭐ (86%)
Confluence Breakdown: * H4 BOS + CHoCH: ✅ 28% * Deep Discount OB Zone: ✅ 22% * Multi-Liquidity Sweep Trap Potential: ✅ 18% * Sentiment/Macro Alignment: ✅ 18% 📍 ENTRY ZONES: * 🟩 Primary Buy Zone:
103.850 – 103.550
(D1 OB + 70.5% FIB + internal liquidity pool) * 🟨 Secondary Zone (less aggressive):
104.050 – 103.950
(H4 FVG + minor sweep inducement) ❗ STOP LOSS: * SL: 103.150
(Below OB wick + 1x H4 ATR)
ATR-adjusted for mid-volatility conditions 🎯 TAKE PROFITS: TP Target R:R Notes TP1 104.950 2.3:1 Internal H4 liquidity pocket TP2 105.780 3.8:1 Full bullish continuation leg target TP3 106.900 5.2:1 D1 cleanout of March supply high 🧠 MANAGEMENT STRATEGY: * Risk: 1.0% * SL to BE: After TP1 hit (breakeven +10 pips) * Scaling: * 50% at TP1 * 30% at TP2 * 20% runner to TP3 (trailing logic engaged) ⚠️ CONFIRMATION CRITERIA (OPTIONAL FOR SNIPERS): * H1/H4 bullish engulfing OR pin bar from zone * Volume spike confirmation * Breaker block trigger OR iBOS inside zone ⏳ VALIDITY: * Plan Type: Swing * Expiry: 72 hours * Auto-expire if structure breaks or invalidated macro shift ❌ INVALIDATION: * H4 CHoCH against bullish bias * D1 closes below 103.100 * Macro reversal (JPY strength surge + risk-off flow + DXY spike) 🌐 FUNDAMENTAL & SENTIMENT SNAPSHOT: * COT: Net JPY short bias remains, CAD neutral to mild bullish * Retail Sentiment: 72% short = bullish contrarian signal ✅ * DXY: Consolidating — risk-neutral, supporting risk pairs * VIX: Stable sub-16 (risk-on supportive) * Macro: Oil stable; Canada correlation supportive * Sentiment Score: +7/10 ✅ 📋 FINAL TRADE SUMMARY: We are executing a high-confidence CADJPY swing buy from D1 structural continuation zone. Market has swept prior lows and returned to premium discount OB zone. HTF structure is bullish with multiple liquidity traps below. Risk-on sentiment and macro fundamentals support CAD. We scale in with full precision management and SL protections. "Execute on structure, not impulse. Confirmed. Blueprinted. Disciplined."
Long
by jibkhan111
CADJPY bias to the upside Beautiful shift of structure Weekly, I expect to form the weekly wick by retracement of 2h structure to the AOI Daily and then continue to the major trend just broken. Also I expect to form a zone of positioning and liquidation in this zone from my xp, so I will watch closely what is going to happen and react by the move formed. 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 me
Long
by snapfx24
CAD/JPY Short – Commodity Currency Struggles vs. Safe HavenWe propose a short position in CAD/JPY, capitalizing on the renewed downtrend. An optimal entry would be near the channel resistance if another uptick occurs – e.g. around ¥104.4 – ¥104.5 (current market around ¥104.36 is already in this zone) Technical Analysis: CAD/JPY’s technical picture has flipped bearish after a relief rally in April. Not long ago (earlier Q2), the pair formed a double bottom near a key support (around ¥101–102, likely the April low). That drove a rebound to a peak in late April, but the recovery stalled below ¥105. In fact, price failed at ¥104.90, which corresponds to the descending channel resistance on the daily chart. We propose a short position in CAD/JPY, capitalizing on the renewed downtrend. An optimal entry would be near the channel resistance if another uptick occurs – e.g. around ¥104.4 – ¥104.5 (current market around ¥104.36 is already in this zone). A protective stop can be placed at ¥105.10, just above the recent swing high and the critical 105 handle. This stop is tight enough (about 70 pips risk) to invalidate the setup if hit (as it means a breakout of the bearish channel). The profit targets are ¥102.20 initially (just above the ¥102.9 support and ahead of the big 102 figure) and an extended ¥100.00 on a multi-week horizon if downside momentum persists.
Short
by TerraBullMarkets
CAD/JPY – Trendline Breakout and Retest (Daily Timeframe)CAD/JPY has successfully broken above a long-standing descending trendline, signaling a potential shift from bearish to bullish structure. The pair is now showing signs of pullback or retest of this trendline, which could act as a launchpad for a fresh bullish wave. The major support zone near 101.50–102.00 continues to hold strong, and the breakout aligns with bullish market sentiment. If the retest confirms, price could rally toward the 106.50–107.00 region. 🔼 Bullish Setup Highlights: Breakout confirmed above descending trendline. Strong demand zone still valid below. Retest in progress – eyes on bullish engulfing or confirmation candle. 📈 Watch for bullish continuation if price holds above the trendline and support zone.
Long
by rubinasaifi2013
CADJPY Wave Analysis – 1 May 2025- CADJPY broke the resistance zone - Likely to rise to resistance level 106.00 CADJPY currency pair recently broke the resistance zone between the resistance level 104.00 and the resistance trendline of the Descending Triangle from February. The breakout of this resistance zone continues the earlier sharp upward correction from the major long-term support level 102.00, which has been reversing the price from August. CADJPY can be expected to rise to the next resistance level 106.00 (top of the previous minor correction 2 from March).
Long
by FxProGlobal