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FxWirePro- Woodies Pivot(Major) 
FxWirePro- Woodies Pivot(Major) 
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Ichimoku Analysis (1-hour chart)
Tenken-Sen- 90.75
Kijun-Sen- 90.58
Previous Week high- 91.70
CADJPY regained sharply after hitting a low of 90.22. The pair was one of the worst performers in the past four weeks on Canadian dollar weakness. The rise in inflation has increased the chance of rate hikes by the Bank of Canada. The intraday trend of CADJPY is neutral as long as resistance 91 holds.
USDJPY-
The pair recovered from the low of 113.84 supported by a jump in US treasury yields. Any violation above 115 confirms bullish continuation
CADJPY-
On the higher side, the pair is facing resistance at 91. Any indicative surge past targets 91.60/92/92.50/93.05.
The significant support is at 90, any decline below that level will drag the pair down to 88. Major bearishness if it breaks below 87. A dip to 84.89 is possible.
It is good to buy above 91 with SL around 90 for the TP 93.
