加元 / 日圓
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CADJPY Bearish Setup Near Resistance Recjection Incoming?

133
HI Guys this is overview for CADJPY Feel free share feedback in comments.

Trend Analysis

The pair in a downtrend,confirmed by the decending trenline.

Key level
Resistance Zone 104 Marked in yellow area this area previously acted as support and now a key resistance zone.

Support Area

Around 100 physological level may find demand

Conclusion

Watching for rejection near 105 to confirm a short opportunity if rejection happens next targets 102, 100

A bullish breakout 106.0 could shift momentum upward.

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