CAD/JPY showed a minor pull back after a massive sell-off. It hits an intraday high of 102.36 and is currently trading around 102.31.
Technical Analysis
CAD/JPY is currently trading below the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 102.65; a breach above this level could shift targets to 103.26/103.60/104. On the lower side, near-term support is at 101.67 and a break below this support could lead to declines toward 101/100.
Indicator Trends
CCI (50)- Bearish
ADX (14)- Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 103 with a stop-loss set around 104 and a target price of 100.


FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: EUR/AUD eases slightly but trend is still bullish
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: GBP/USD recovers but bears are not done yet again
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro- Major European Indices
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/ZAR sustains gains as uptrend remains strong 



