CAD/JPY holds above 106 as crude oil gained sharply after Israel attacked Iran. It hit an intraday high of 106.045 and is currently trading around 106.047.
"Operation Rising Lion" was launched by Israel on June 13, 2025, as a massive military operation against Iran, which aimed at bombing nuclear facilities and damaging military infrastructure. It reportedly resulted in the deaths of several senior Iranian leaders, including the IRGC commander and Chief of Staff of the Armed Forces.
Technical Analysis
CAD/JPY is currently trading above the 34- and 55-EMA on the 4-hour chart. The immediate resistance is at 106.35; a breach above this level could shift targets to 107/108.25. On the lower side, near-term support is at 105.75, and a break below this support could lead to declines toward 105.30/104.80/104.50/103.85/103/102.50/10.65/101/100.
Indicator Trends
CCI (50)- Bullish
ADX (14)- Neutra
Trading Strategy Recommendation
It is good to buy on dips around 105.75-78 with a stop-loss at 105 and a target price of 108.


FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Crypto levels and bias summary
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
JPY Major Currency Score
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level 



