Potential low CADJPY

The cadjpy has finally started its potential long term bearish move after finally breaking the 110.900 level which is crucial. It then came back to the same level not being able to break it and potentially coming back down back to the 110.210 level which will most likely break and hit the nest leave which is 109.700.

Fundamentally, I believe that the poor CAD news could have been the reason for this however it could have also been the strength of jpy coming back after being in a slump and to potentially raise interest rates.

This isn’t financial advice