CAD/JPY Bullish Reversal from Demand Zone?

CAD/JPY is showing signs of a potential bullish reversal after testing a key demand zone around 105.00-105.50. The presence of buyers in this area confirming potential upward momentum.

Price action indicates a break of the descending trendline, signaling a shift in market structure. If bullish momentum continues, the next key resistance to target is around 107.97.

A long position could be considered with an entry near 106.00, a stop loss below the demand zone, and a potential take profit at 107.97.

Key Factors:
✅ Presence of buyers in demand zone
✅ Trendline break & liquidity sweep


LMK your opinions in comments below! 🚀