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#CADJPY Testing Major Resistance

I see a breakout, price to go up POC level@88.40 of value area.

CADJPY traded at 85.00 level with high volumes, but price unlikely to pullback from high volume nodes (HVNs) level @ 85.00.

Bank of Canada will be warranted rate hike over time and next scheduled announcement is set for May 30.

bullish trend will remain as dollar strengthened and FED rate hike in June more likely.

If price pass through its major resistance where low volume node (LVNs). it may be reached to POC level (88.40).

Rate of Chane (ROC) in 14 days start to upward momentum from zero level.

CADJPY Long @ 86.00
Target @ 88.00
Cut @ 85.00

Take Care Your Trade & Risk Management
United FX Trading Class

GoldenVictory

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