CAD/JPY Technical Analysis – 1H Chart
Price is currently trading near 103.93, testing the Entry Area (103.80–104.30), which has been acting as a key consolidation zone. A breakout above this level could trigger bullish momentum, with targets set at 106.14 (1st Target) and 107.23 (2nd Target).
If buyers step in and sustain above the entry zone, a move toward 106.14 becomes likely. However, failure to hold above 103.80 could lead to further downside.
Key Levels:
- Support: 103.80
- Resistance: 106.14, 107.23
Outlook: Bullish bias if price breaks above the entry zone, confirming an upward move.
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Price is currently trading near 103.93, testing the Entry Area (103.80–104.30), which has been acting as a key consolidation zone. A breakout above this level could trigger bullish momentum, with targets set at 106.14 (1st Target) and 107.23 (2nd Target).
If buyers step in and sustain above the entry zone, a move toward 106.14 becomes likely. However, failure to hold above 103.80 could lead to further downside.
Key Levels:
- Support: 103.80
- Resistance: 106.14, 107.23
Outlook: Bullish bias if price breaks above the entry zone, confirming an upward move.
If you enjoy, press the like button.
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price didn't come to our entry area.
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