FxWirePro: NZD/USD under pressure as traders await US jobs data 
FxWirePro: GBP/USD hits a fourteen-month low,poised for further downside 
FxWirePro: EUR/AUD uptrend stalled , progress needed soon to sustain gains 
FxWirePro- Major pair levels and bias summary 
FxWirePro: USD/CAD bulls need more gains to zero in on key fibo resistance 
FxWirePro- Major US Indices 
FxWirePro: USD/MXN consolidates around 20.450, maintains bullish bias 
FxWirePro: GBP /AUD unlikely to invite any further GBP strength, good to sell on rally 
Uniswap's Bold Moves: Whale Accumulation and the Anticipation of v4 Drive Investor Confidence 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro-Major European Indices 
FxWirePro- USDCHF Trade Idea 
USDCHF Outlook: Bullish Momentum Amid Strong Dollar and Labor Market Insights 
CAD/JPY pared some of its gains on the weak Canadian dollar. It hit a high of 110.46 and is currently trading around 110.14.
The labor market in Canada seems pretty positive with the data that came out on January 10, 2025, based on December's employment statistics. In December 2024, Canada added 91,000 jobs compared with a projected number of 25,000. Such healthy growth in jobs implies a healthy labor market. Meanwhile, the unemployment rate eased marginally from 6.8% in November to 6.7% in December. On the whole, the findings point toward a good trend for Canada's employment scenario.
Technical Analysis
CAD/JPY is currently trading above the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 110.50; a breach above this level could shift targets to 111, 111.56, or 112. On the lower side, near-term support is at 109.45, and a break below this support could lead to declines toward 108.70, 108, or even 107.
Indicator Trends
CCI (50)- bearish
ADX (14)- Bearish. Overall, the indicators reveal a bearish trend.
Trading Strategy Recommendation
It is advisable to sell on rallies around 109.75-80, with a stop-loss set around 110.50 and a target price of 108.
