On the daily CAD-JPY is in a very strong uptrend so my bias is currently BUY. Considering all of that on the 4 hour time frame it is at a level of support which does not necessarily mean buy but I'm waiting for confirmation going forward to see what price action looks like. Currently sellers seem to have more control but during the London session this will be a good pair to look at.
Possible break and pullback for the (sell) at area of support.
or
Bounce at support.
Feedback is welcome.
Please follow I will be posting more analysis often.
Possible break and pullback for the (sell) at area of support.
or
Bounce at support.
Feedback is welcome.
Please follow I will be posting more analysis often.