CAD/JPY declined slightly after the Canadian jobs data. It hit a high of 104.94 yesterday and is currently trading around 104.26.
Canada's jobs market was nearly stagnant in April 2025, generating a paltry 7,400 jobs, as the unemployment rate surged to 6.9%, its highest since 2017 aside from the pandemic years, following the economic effects of new U.S. tariffs and declining business activity.
Technical Analysis
CAD/JPY is currently trading above the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 105; a breach above this level could shift targets to 105.51/106/107/108.25. On the lower side, near-term support is at 103.50 and a break below this support could lead to declines toward 103/102.50/10.65/101/100.
Indicator Trends
CCI (50)- Bullish
ADX (14)- Neutral
Trading Strategy Recommendation
It is good to buy on dips around 104 with a stop-loss at 103 and a target price of 106.


Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: AUD/USD dips on soft China data
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major) 



