USD/JPY | Strong resistance (READ THE CAPTION)As you can see, USDJPY has been on a bullish run for a while now and has only been stopped by the Bearish Breaker. Currently it's being traded at 157.61, inside the March 4th NDOG, right above the C.E. .
If USDJPY manages to stabilize above the NDOG C.E., we could see it retesting the Bearish breaker and then the supply zone. The supply zone is acting like a very strong resistance and if USDJPY is to overcome it, it'll have to do it very strongly so that it can stay above there and go higher.
Bullish targets: 157.70, 157.80, 157.90, 158 and 158.10.
Targets if it fails to stabilize above the NDOG C.E.: 157.50, 157.40, 157.30 and 157.20.
CADJPY
GBP/JPY | IFVG Retest (READ THE CAPTION)By analyzing the 2H chart of GBPJPY we can see that after it went inside the Feb 2nd NWOG and above the NWOG C.E. at 212.12, it dropped in price, going as low as 209.18, and it recovered after hitting that low, currently being traded at 210.40, after retesting the IFVG Low and dropping again.
GBPJPY went inside the IFVG Zone several times, going above the NWOG C.E. twice but failed to stabilize there each time.
If GBPJPY manages to hold itself above the 210.26, we can see it go to retest the IFVG once more, in that case the targets will be: 210.55, 210.65, 210.75, 210.85 and 210.95.
If it fails to hold above the 210.26: 210.10, 210.00, 209.90 and 209.80.
CADJPY Massive Short! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 115.39
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 115.23
My Stop Loss - 115.48
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
CAD-JPY Will Grow! Buy!
Hello,Traders!
CADJPY after clearing a key liquidity cluster, price is consolidating above the former supply zone. This breakout structure suggests buyers remain in control, with potential continuation toward the next liquidity pocket above. Time Frame 5H.
Buy!
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CAD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 114.309.
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Bullish continution setup?CAD/JPY is falling towards the pivot, which acts as a pullback support that is slightly below the 23.6% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 114.53
1st Support: 113.80
1st Resistance: 115.96
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
USD/JPY | Retest! (READ THE CAPTION)By analyzing the 2H chart of USDJPY we can see that after reaching 157.97 yesterday, just 2 pips short of supply zone, it dropped out of the Bearish Breaker zone again and went below the Feb 9th NWOG Low, before going back up above it to the Bearish Breaker, but it dropped yet again and is now being traded at 157.43, inside the NWOG zone.
I expect USDJPY to retest the NWOG High, and the Bearish Breaker as well as the supply zone, the targets for it will be: 157.60, 157.75, 157.90 and 158.05.
However, if it fails to go through the NWOG, the targets will be: 157.35, 157.25, 157.15 and 157.00.
TheGrove | CADJPY sell | Idea Trading AnalysisCADJPY is moving on Resistance area and is testing the upper boundary of an ascending channel and showing signs of rejection, we may see a corrective move towards lower support zones.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CADJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
CAD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
CAD/JPY SIGNAL
Trade Direction: short
Entry Level: 115.074
Target Level: 114.767
Stop Loss: 115.277
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Stop!Loss|Market View: USDCAD🙌 Stop!Loss team welcomes you❗️
In this post, we're going to talk about the near-term outlook for the USDCAD currency pair☝️
Potential trade setup:
🔔Entry level: 1.37255
💰TP: 1.39337
⛔️SL: 1.36300
"Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market.
👇 In the comments 👇 you can type the trading instrument you'd like to analyze, and we'll talk about it in our next posts.
💬 Description: The prolonged accumulation near 1.37 continues to strengthen buyers' positions for further potential growth toward 1.40. A confirmed breakout of the upper boundary of the current accumulation will serve as a trigger for a buy, which could lead to a pulse movement toward 1.39 - 1.40.
Thanks for your support 🚀
Profits for all ✅
Bullish continuation setup?CAD/JPY could fall towards the pivot and could bounce to the overlap resistance.
Pivot: 114.53
!st Support: 113.80
1st Resistance: 115.51
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
kvmev - CADJPY entryPrice has broken out of the consolidation from Feb 11-18 and has continued up towards the next resistance zone which it is now respecting it as a support zone.
Monthly/weekly bias is overall bullish and seeing the current break and retest pattern further confirms the bullish volume I am expecting to see continue throughout the next week.
Entering buys at the current price for a 1:2 RR.
Will be securing 70%-80% of the position and setting SL to BE once the next level of resistance has been reached.
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Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.
CADJPY: Critical Resistance RejectionHello Trading Fam! 👋
The Setup: Bearish Rejection
Context: The pair has been climbing within an ascending channel (orange lines) following a strong bounce from the Support Zone near 112.141.
Resistance Confluence: Price has now entered a "Supply Zone" (green box) that aligns with a historical Resistance Zone at approximately 114.770.
The Signal: The label "Look for Shorts" identifies this intersection of the channel's upper boundary and the horizontal supply zone as a high-probability area for a price drop.
Key Levels to Watch
Resistance: 114.770 serves as the primary barrier where selling pressure is expected to increase.
Support Target: If the reversal triggers, the red arrow suggests a move back toward the lower channel boundary or the 112.655 level.
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CAD/JPY BEARS ARE STRONG HERE|SHORT
CAD/JPY SIGNAL
Trade Direction: short
Entry Level: 114.153
Target Level: 113.772
Stop Loss: 114.406
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CADJPY Rejected at 115.40 Oil Support Meets JPY Pressure CADJPY has pushed back into a major supply zone around 115.40 and stalled almost immediately. The rally from the 112.00 base was clean and impulsive, but once price tapped into that prior high liquidity shelf, momentum faded fast. That tells me buyers were aggressive into resistance, not patient accumulation. When a commodity-linked currency like CAD runs into a structurally firm JPY at a known ceiling, I want to see follow-through — and right now, it’s not there.
This looks more like a corrective rally into supply than the beginning of a fresh breakout leg.
Current Bias: Bearish (Pullback Toward 112 Likely)
Price has rejected from the 115.20–115.40 supply zone and is now printing lower highs beneath descending structure. Unless we see a clean daily hold above 115.50, I favor a retracement back toward 112.00 support.
The move up looks extended and vulnerable to profit-taking.
Key Fundamental Drivers
1. Canada Labor Softness
Recent labor data has leaned weaker, and markets are pricing a higher probability of Bank of Canada easing relative to prior expectations.
2. Oil Volatility Without Structural Breakout
Oil remains volatile but not decisively trending higher. Without sustained upside in crude, CAD lacks a strong macro tailwind.
3. Japan Yield Normalization
Japanese yields continue to rise gradually. Even modest normalization compresses carry appeal in JPY crosses like CADJPY.
Macro Context
Interest Rate Expectations:
The Fed remains cautious due to sticky inflation. The BoC faces domestic softness. Meanwhile, Japan’s policy stance is slowly shifting, reducing the structural weakness of JPY.
Economic Growth Trends:
US growth remains resilient. Canada shows more vulnerability. Japan’s economy is steady enough to justify normalization discussions.
Commodity Flows:
CAD is highly sensitive to oil flows. Without a strong crude breakout, CAD upside is limited. JPY is more yield- and sentiment-driven.
Geopolitical Themes:
Any geopolitical tension strengthens JPY via safe-haven demand, which directly pressures CADJPY.
Net macro tone: Oil-neutral to soft and yield compression risk building — both lean against sustained CADJPY upside.
Primary Risk to the Trend
A sharp rally in oil would immediately support CAD and invalidate the bearish bias. Additionally, a dovish shift from the Bank of Japan that weakens JPY would reopen upside momentum.
If global equities break higher aggressively, JPY could weaken broadly and push this pair through 115.50.
Most Critical Upcoming News/Event
Canada employment data
Oil inventory and OPEC-related headlines
Bank of Japan policy communication
These will drive direction in either CAD or JPY.
Leader/Lagger Dynamics
CADJPY is generally a lagger relative to oil and risk sentiment.
Oil leads CAD strength.
USDJPY leads broad JPY direction.
If USDJPY rolls over due to yield compression, CADJPY often follows. It does not typically initiate global FX moves.
Key Levels
Support Levels:
113.20 (near-term support)
112.02 (major demand zone)
111.70 (structural low)
Resistance Levels:
114.80 (minor structure cap)
115.40 (major supply zone)
115.80 (breakout confirmation)
Stop Loss (SL):
Above 115.80 (clear breakout above supply invalidates bearish structure)
Take Profit (TP):
Primary: 112.02
Extended: 111.70
Summary: Bias and Watchpoints
Bias is bearish while price remains below the 115.40–115.80 supply zone. The rejection from major resistance combined with soft Canadian fundamentals and gradual JPY normalization favors a pullback toward 112.02. Stop above 115.80 protects against a breakout continuation. The key watchpoints are oil direction and Bank of Japan communication. If oil fails to rally and USDJPY softens, CADJPY likely drifts lower and retests the 112 region.
Falling towards key support?CAD/JPY is falling towards the pivot, which is an overlap support and could bounce to the 1st resistance which also acts as an overlap resistance.
Pivot: 113.36
1st Support: 112.76
1st Resistance: 114.38
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
USDCAD Breakout DoneThis 4-hour USDCAD chart captures a classic breakout setup as the pair surges through the descending black trendline resistance after grinding in a tight range around 1.3680-1.3700, with the upward arrow signaling strong bullish momentum pushing price to 1.36832 up 0.04 percent amid renewed dollar strength and oil price stability capping CAD gains. Fundamentals from Forex Factory today February 26 2026 show CAD current account Q4 expected at -8.2B versus prior -9.7B which if better could support the loonie, while US initial jobless claims at 217K actual against 206K forecast indicate slight labor market softening pressuring the greenback mildly, alongside upcoming FOMC Bowman speech and EIA natural gas storage adding volatility potential; recent commodity currencies rose on risk-on flows but USDCAD holds firm above the blue support at 1.3700 with higher highs and lows intact from mid-February lows around 1.3650. Technically the breakout from the falling wedge favors continuation higher targeting 1.3750 then 1.3800 if claims data or Fed comments keep dollar bid, with RSI climbing but not overbought yet offering room for extension; Im positioning long here on pullbacks to 1.3670-1.3680 with tight stops below the breakout level for a high-reward profitable forex trade in this commodity-linked pair as broader dollar resilience versus CAD dovish undertones drives the move.
GBP/JPY | Towards 212.20 resistance (READ THE CAPTION)As you can see in the 2H chart of GBPJPY, after consolidating in the same zone for a while, it started a bullish run and went from 208.14 all the way to 212.12! Then a correction happened and after hitting the Jan 19th NWOG Low, it recovered a bit and is now being traded at 211.23.
If GBPJPY manages to go above the NWOG C.E. at 211.22 and stabilize there, it can go higher to retest the Jan 26th NWOG. Afterwards, it has to go for the resistance level at 212.20, either breaking the resistance or sweep the liquidity up there and a small correction then afterwards and it has to go and retest the 212.20 Resistance.
Targets: 211.40, 211.55, 211.70, 211.85, 212.00 and 212.15.
Targets in case of rejection by Feb 2nd NWOG: 211.75, 211.60, 211.45, 211.30 and 211.15.
CADJPY - Two Magnets, Two Clear JobsCADJPY is trading between two key zones that keep acting like magnets:
On the upside, the resistance zone around $114.70 – $115.20 has been attracting price repeatedly. Every time price pushes into that area, sellers step in and momentum fades. As long as that structure holds, that’s where I’ll be looking for shorts. 📉
On the downside, the blue demand zone inside the rising channel continues to act as support. That’s where buyers previously stepped in with strength and defended structure. As price pulls back toward that zone, I’ll be looking for longs. 📈
For now, we wait! ⏱️
Which zone do you think CADJPY taps next? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
CADJPY — Daily | 25-02-2026 - Elliott Wave Outlook🔎 CADJPY — Daily | 25-02-2026
Elliott Wave Outlook — Wave (4) Pullback Before the Final Expansion
• On the Daily timeframe, CADJPY completed a red Leading Diagonal at 108.958, with an internal five-wave yellow structure.
• The blue A–B–C correction ended at 105.200, marking the completion of red wave (2).
• From 105.200, CADJPY advanced into red wave (3), progressing within an ascending channel and subdividing into five yellow waves.
• The market is currently developing yellow wave (4), structured as a white a–b–c correction. Wave (4) yellow appears to have completed at 111.783.
• The probability now favors the development of yellow wave (5) toward the upper boundary of the ascending channel, completing red wave (3).
📌 Preferred scenario (Bullish continuation):
• Wait patiently for yellow wave (4) confirmation, then trade in alignment with the trend, targeting the expansion of yellow wave (5).
⛔️ Structural invalidation:
• A break below 111.783 would indicate that yellow wave (4) is still extending and the corrective phase is not yet complete.
🧭 Market insight:
Wave (4) often creates the illusion of a trend reversal — but in strong trends, it typically represents consolidation before the final upward push.
JAPANESE YEN - Massive Bullish Engulfing (W1)Yen looks set to dominate the month of February and probably Q1 in the FX space (major/exotic pairs). It has printed a strong bullish Engulfing candle pattern on the weekly chart as it revisited ATLs of July 2024. So on the look out for more sell opportunities on all yen pairs. Last week PA is a taste of what is to come next. Potential targets for the yen 0.703 - 0.720 fib retracement levels.
EUR/JPY | Towards 184.00 (READ THE CAPTION)After consolidating in the same zone for a few days, EURJPY surged in price today, going from 182.52 to 183.92, going through the Supply Zone, inside the Jan 26th NWOG, but before reaching to the NWOG high, it dropped in price and it is back in the supply zone, being traded at 183.67.
I expect EURJPY to retest the Jan 26th NWOG, if it fails to go through: 183.60, 183.50, 183.40 and 183.30.
If it isn't rejected by the NWOG C.E.: 183.80, 183.90 and 184.00.
USD/JPY | It goes higher! (READ THE CAPTION)As you can see in the 2H chart of USDJPY, after reaching the Bullish OB and consolidation for a while, it has started a bullish movement, going from 152.27 all the way to 156.79, Almost 450 pips! Now it's being traded at 156.75 and it is on its way to the Supply zone, between the 157.00-157.27 levels.
I expect USDJPY to test the Supply Zone, drop a bit for correction and then retest it to go above and beyond to close the Feb 9th NWOG zone.
Targets for USDJPY, in case it drops back after hitting the Supply zone: 156.93, 156.85, 156.77, 156.70, 156.63, 156.57 and 156.50.
In case it goes through the Supply zone without any drop: 157.07, 157.14, 157.21, 157.28, 157.35 and 157.42.






















