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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

**CAD/JPY Dynamic Prediction: Key Levels in Play**🔄 **CAD/JPY Dynamic Prediction: Key Levels in Play** 📉📈 CAD/JPY is currently at **109.617**, setting up for some interesting movement. We expect a dip to **109.364** before a move up to **break 109.873**. If a reversal follows, the price could target **108.877**, with potential momentum aiming to break **110.508**. 🔍 **Key Levels to Watch:** - **Current Price:** 109.617 - **Support Touch:** 109.364 - **Resistance Break:** 109.873 - **Bearish Target:** 108.877 - **Bullish Target:** Break of 110.508 💡 **Trading Insight:** This setup could provide trade opportunities both ways. Keeping an eye on these levels for confirmation will be crucial for entry points! 👉 What’s your CAD/JPY outlook? Comment your analysis! #CADJPY #DynamicMove #ForexTrading #KeyLevels #Pipnest
Long
by pipnest
1
CADJPY / M15 / SHORTCADJPY may fall from the Bearish Order Block Bearish Order Block: 109.457 and 109.372 CADJPY is likely to drop from the bearish order block, with a high probability of the trade reaching profitability. Since the price hasn’t touched the order block yet, consider placing a limit order at the entry price. Let’s see how the price reacts as it approaches this zone! CADJPY / M15 / SHORT LOT :- 0.3 Entry Price :- 109.372 Take Profit :- 109.151 Stop Loss :- 109.593
Short
by PraveenTrader1
CADJPY The Target Is UP! BUY! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 109.29 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 109.91 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Lingrid | CADJPY Potential SHORT from SWAP zoneThe price perfectly fulfilled my last idea. It hit the target. FX:CADJPY has tested the 110.600 resistance zone three times but ultimately bounced off this level after forming a range zone. Given the significant bearish daily candle, I believe the market may head lower. The recent price action has also seen the price break and close below the upward trendline that had been holding for over a week. The formation of lower lows indicates a shift in market structure. If the market rejects the swap zone, we can expect a downward move towards the channel's lower boundary. My target is support zone around 108.75 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
CADJPYFor CAD/JPY, considering the influence of the U.S. Non-Farm Payroll (NFP) report, a stronger-than-expected NFP typically boosts the U.S. dollar, which can negatively impact the Canadian dollar (CAD) due to its correlation with USD. This, combined with recent yen strength from safe-haven flows amid market volatility, suggests a potential selling opportunity for CAD/JPY. Monitoring key support levels, confirmation from price action, and any divergences on technical indicators is recommended before entering the trade.
Short
by mwananukachabota