CADJPY: Bullish move is imminent.

After 2 rejections at a major resistance level, the market is now consolidating at that same level. This indicates that sellers had 2 previous attempts to lower the price and were not able to do so significantly. Now that the market is in consolidation, it indicates that there are no more sellers left and the market is likely to make a bullish move. I'll be montoring the 1 & 4 hour time frame for a more accurate entry.