FxWirePro- Major US Indices 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY under pressure after early buying dries up 
FxWirePro:NZD/USD rebounds from one-week low, US data, tariffs in focus 
FxWirePro- Major pair levels and bias summary 
FxWirePro: USD/ZAR loses momentum but bullish setup remains 
FxWirePro- Crude oil trade idea 
FxWirePro: USD/ CNY pulls back from 7.310 peak, laying foundation for rebound 
FXWirePro: AUD/USD bulls gain some momentum heading into the weekend 
FxWirePro- BNBUSD Trade Idea 
FxWirePro: GBP/NZD positions for another climb, eyes 2.2300 level 
FxWirePro: GBP/USD gains upward traction as UK economy defies expectations with 0.1% 
GBP/JPY Skyrockets After Positive UK GDP Data: A Bullish Trend Unfolds 
FxWirePro: USD/CAD faces volatility amid trade war fears and U.S. inflation data 
CAD/JPY trades higher despite trade war uncertainty. It hit a low of 105.13 and is currently trading around 105.99.
The Canadian currency has been falling against the American currency in recent times. Some of this is due to fear over future trade regulation, specifically that of new U.S. tariffs. Canada's rates are also lower than America's, so more investments make America an appealing option, decreasing demand for Canadian dollars. High unemployment with a bad Canadian economy is also making the currency fall.
Technical Analysis
CAD/JPY is currently trading above the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 108.35; a breach above this level could shift targets to 109.30/110. On the lower side, near-term support is at 107.50, and a break below this support could lead to declines toward 106/104.80/104.
Indicator Trends
CCI (50)- Bullish
ADX (14)- Bullish
Trading Strategy Recommendation
It is good to buy on dips around 107.50 with a stop-loss set around 106.80 and a target price of 109.30.
