CADJPY: Bullish Setup Building — Fundamental Analysis

CADJPY is approaching a major support zone with a strong macro and seasonal backdrop favoring a bullish reversal.

Macro scores (LEI, endogenous) show consistent strength

Seasonality supports upside from late April into May

JPY is overbought per COT data

🔁 However, price structure remains bearish on 4H and Daily, so we are waiting for a confirmed CHoCH and HL before executing a swing long.

This idea is a "watch & prepare" setup — get ready to strike once structure flips.