CAD/JPY breaks trend line support on board-based Canadian dollar weakness. It hits an intraday low of 112.77 and is currently trading around 112.82.
Technical Analysis
CAD/JPY is currently trading below the 34- and 55-EMA and above 200 EMA and 365 EMA on the 4-hour chart. The immediate resistance is at 113.67; a breach above that level could shift targets to 114/115/116/116.91. On the lower side, near-term support is at 112.60, and a break below this support could lead to declines toward 112/111.69/ 111/110.50/110/109.50/109.
Indicator Trends
CCI (50)- Bearish
ADX (14)- Bearish
Trading Strategy Recommendation
It is good to sell on rallies around 113 with a stop-loss at 113.85 for a target price of 111/110.


NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: USD/CNY bears maintain upper hand
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 



