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morrisgitau
Mar 12, 2024 9:14 AM

CADJPY 

Canadian Dollar/Japanese YenFXCM

Description

Though we have a bearish outlook on the monthly charts, currently we are in a strong bullish correction that is printing higher highs seeking to mitigate supply zones (118).On the weekly charts we still have the same bullish bias.
On the daily charts, we are in a minor bearish correction targeting the weak demand zone between 108-94 price handle. On the 4 hour we are still in a bearish correction seeking to clear disequilibrium. If the price breaks below 104 then its targeting the weekly demand.
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