Hi traders
here is my take on the CADJPY. Price broke the support area with what turned out to be a fake-out and bounced back into the range. I highlighted the support area with a transparent box.
If price breaks the resistance area (black) I will consider buying on the re-test with a minimum 1:2 RR. Trade will go breakeven after 1R is reached.
Let me know what you think in the comments below :)