CAD/JPY has successfully broken above a long-standing descending trendline, signaling a potential shift from bearish to bullish structure. The pair is now showing signs of pullback or retest of this trendline, which could act as a launchpad for a fresh bullish wave.
The major support zone near 101.50–102.00 continues to hold strong, and the breakout aligns with bullish market sentiment. If the retest confirms, price could rally toward the 106.50–107.00 region.
🔼 Bullish Setup Highlights:
Breakout confirmed above descending trendline.
Strong demand zone still valid below.
Retest in progress – eyes on bullish engulfing or confirmation candle.
📈 Watch for bullish continuation if price holds above the trendline and support zone.
The major support zone near 101.50–102.00 continues to hold strong, and the breakout aligns with bullish market sentiment. If the retest confirms, price could rally toward the 106.50–107.00 region.
🔼 Bullish Setup Highlights:
Breakout confirmed above descending trendline.
Strong demand zone still valid below.
Retest in progress – eyes on bullish engulfing or confirmation candle.
📈 Watch for bullish continuation if price holds above the trendline and support zone.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.