CADJPY: Bullish Continuation Setup
CADJPY continues to show a clear bullish recovery after the sharp sell-off at the beginning of August.
Price has been forming a sequence of higher highs and higher lows, indicating that buyers are gradually regaining control.
The recent price action shows multiple bullish continuation patterns, with each consolidation resolving to the upside.
This structure suggests that momentum remains positive as long as buyers continue to defend the rising trend.
Price is now approaching the first major resistance zone around 113.90. A confirmed break above this level could open the way toward the next target at 114.60, which marks a significant previous reaction area.
A short-term pullback or retest before continuation would be completely normal and could provide the market with the momentum needed for another leg higher.
Bullish Targets:
🎯 Target 1: 113.90
🎯 Target 2: 114.60
You can find more details on the chart.
Thank you ! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
CADJPY continues to show a clear bullish recovery after the sharp sell-off at the beginning of August.
Price has been forming a sequence of higher highs and higher lows, indicating that buyers are gradually regaining control.
The recent price action shows multiple bullish continuation patterns, with each consolidation resolving to the upside.
This structure suggests that momentum remains positive as long as buyers continue to defend the rising trend.
Price is now approaching the first major resistance zone around 113.90. A confirmed break above this level could open the way toward the next target at 114.60, which marks a significant previous reaction area.
A short-term pullback or retest before continuation would be completely normal and could provide the market with the momentum needed for another leg higher.
Bullish Targets:
🎯 Target 1: 113.90
🎯 Target 2: 114.60
You can find more details on the chart.
Thank you ! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
Trade active
CADJPY
Target 1 Reached:)
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.