Daily Analysis on CADJPY by ThinkingAntsOk

Use this as a guide to develop your view.

Main items we can see on the Daily Chart:

a)The price is inside a descending channel

b)Currently, the price is on the lower trendline of the descending channel

c)Also, we have a massive Support zone on 75 - 76

d)The convergence between the Support zone + the lower trendline of the descending channel, provide us with a clear reversal zone

e)Our long term target for the bullish movement will be the higher trendline of the descending channel.