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CAD/JPY 2 Day Analysis

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Over March and April 2025, price has been trying to break the 101.50 to 102.00 zone which was support in August 2024.

The last 2 day candle in this area printed as a bullish Hammer candle which was followed by 2 more bullish candles.

We may possibly see price break out above the trendline and buyers taking control of the market.

This is an idea of what may happen. Also use a profitable trading strategy combined with good risk management.

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