CAD/JPY Technical Analysis
Resistance Holding at 105.85
The price has reached a key resistance zone between 105.28 - 105.85, where previous rejections have occurred. A strong bearish reaction from this area may indicate a potential reversal.
Support Levels to Watch
The nearest support zone is around 103.65, followed by a stronger support at 102.21. If the price fails to sustain above resistance, a pullback towards these levels could be expected.
Moving Averages & Trend Outlook
- The price is testing the 200-period moving average, which could act as dynamic resistance.
- The 50-period moving average is currently supporting the bullish momentum.
Trading Scenarios
- Bullish Breakout: A breakout above 105.85 may trigger a rally towards 107.00.
- Bearish Rejection: A rejection at resistance could lead to a downside move toward 103.65 or lower.
📌 Conclusion: Traders should monitor price action at the resistance zone for confirmation before entering positions. 🚀
If you enjoy, press the like button.
Resistance Holding at 105.85
The price has reached a key resistance zone between 105.28 - 105.85, where previous rejections have occurred. A strong bearish reaction from this area may indicate a potential reversal.
Support Levels to Watch
The nearest support zone is around 103.65, followed by a stronger support at 102.21. If the price fails to sustain above resistance, a pullback towards these levels could be expected.
Moving Averages & Trend Outlook
- The price is testing the 200-period moving average, which could act as dynamic resistance.
- The 50-period moving average is currently supporting the bullish momentum.
Trading Scenarios
- Bullish Breakout: A breakout above 105.85 may trigger a rally towards 107.00.
- Bearish Rejection: A rejection at resistance could lead to a downside move toward 103.65 or lower.
📌 Conclusion: Traders should monitor price action at the resistance zone for confirmation before entering positions. 🚀
If you enjoy, press the like button.
交易進行
註釋
註釋
Once again i took a trade from 105.700 , this is a resistance level ,100 pips+ achieved.
交易結束：目標達成
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