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FxWirePro- CADJPY Trade Idea 
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FxWirePro- Major pair levels and bias summary 
• EUR/CAD declined on Monday as euro attracted sellers on growing concerns about a possible government collapse in France.
• Prime Minister Michel Barnier's government is on the brink of collapse after the far-right National Rally (RN) announced on Sunday that it would likely support a no-confidence motion over a budget dispute.
• At GMT 09:28,the euro was down 0.43% at 1.4750 against Canadian dollar ,its lowest level since 27th November .
• Technical signals are bearish as RSI is heading down at 43, daily momentum studies 5, 9 and 11 DMAs are trending down.
•Immediate resistance is located at 1.4811(SMA 20), any close above will push the pair towards 1.4848(50%fib).
• Support is seen at 14724 (38.2%fib) and break below could take the pair towards 14612 (Nov 21st low).
Recommendation: Good to sell around 1.4760 , with stop loss of 1.4830 and target price of 1.4650
