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Canadian Dollar / Japanese Yen

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CADJPY Forming Bullish MomentumCADJPY on the 4H timeframe is showing a clear transition from bullish momentum into a corrective bearish phase. After an extended rally, price formed a lower high and broke structure to the downside, confirming short-term selling pressure. The current retracement appears corrective, and as long as price remains below recent lower-high levels, I’ll be watching for the next impulsive leg toward 105.00 and potentially deeper. From a fundamental perspective, the yen is gaining strength as risk sentiment cools ahead of key central bank events and rising geopolitical uncertainty supports safe-haven flows. Meanwhile, the Canadian dollar is facing headwinds due to softening oil prices and growing expectations that the Bank of Canada may lean toward easing in upcoming meetings if economic slowdown persists. This divergence between a potentially weaker CAD and a recovering JPY adds confluence to the bearish technical setup. I anticipate price to retest the previous broken structure zone before continuing downward. Any rejection from that supply area will act as confirmation for continuation targets toward mid-105s. I’ll be patient and let price action align with fundamentals for a clean entry with maximum reward-to-risk potential.
Long
by AndrewsMarket-Mastery
CADJPY: Bearish Move From Resistance Confirmed 🇨🇦🇯🇵 There is a high probability that CADJPY will retrace from the underlined daily resistance. A breakout of a support line of a rising wedge pattern on 1H time frame provides a strong bearish signal. I expect a retracement at least to 107.26 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
2
Cad JPY - H1CAD JPY has been in a bearish trend making Lower Lows and Lower highs. Price is currently pulling back up to the Fib golden zone of 0.5-0.618 levels. Price has also formed a hidden divergence potentially signalling a downward movement from here. Confluences for the trade: - Lower Lows, Lower highs being formed, showing a downtrend. - Price Pulling back to the 0.5-0.618 Fib Levels. - Hidden divergence being formed indicating downward movement - Price touching the 200 EMA which acts as dynamic support/resistance
Short
by TrendsDontBend
CAD/JPY (1H timeframe)...CAD/JPY (1H timeframe) — I'm using the Ichimoku Cloud and a downtrend resistance line that’s just being tested. Here’s the technical breakdown 👇 🔍 Analysis: Price is currently around 107.12–107.20, testing the descending trendline. The Ichimoku cloud (yellow area) is above current price, acting as resistance. The marked “Target Points” in my chart show potential bullish breakout levels if the price successfully closes above the cloud and trendline. 🎯 Target Levels: 1. First Target (Short-term): ≈ 108.00 – 108.10 → This aligns with the lower horizontal “Target Point” shown and matches the bottom of the next resistance zone. 2. Second Target (Extended / Medium-term): ≈ 108.90 – 109.00 → This is my higher “Target Point” on the chart, aligning with prior structural resistance and top of the projected move. 📉 If rejection occurs: If price fails to break above 107.20–107.30 (trendline resistance), expect a pullback toward 106.80 as short-term support. --- ✅ Summary: Buy breakout confirmation: Above 107.30 Targets: TP1 → 108.00 TP2 → 109.00 Support: 106.80
Long
by RSI_Trading_point
7
CADJPY Forming Ascending ChannelCADJPY is currently trading within a clear ascending channel, and price is pulling back after rejecting the upper boundary near the 110.00 psychological level. The recent bearish momentum suggests that buyers are taking profit, allowing sellers to regain short-term control. I’m watching for price to continue drifting toward the channel’s lower support near 105.50–106.00. If this support breaks with strong volume, it opens the door for a deeper drop into the major demand zone around 101.50–102.50, which aligns with previous liquidity sweeps and institutional footprints. From a fundamental perspective, CAD has been under slight pressure due to softer crude oil demand and growing expectations that the Bank of Canada may shift to a more accommodative stance if economic slowdown deepens. Meanwhile, the Japanese yen remains broadly weak as the Bank of Japan maintains negative interest rates, but risk-off sentiment and rising geopolitical tensions could temporarily strengthen JPY through safe-haven flows. That makes this pair vulnerable to corrective downside despite the broader bullish structure. I’ll be monitoring price action closely once price reaches the lower boundary of the channel. A clean rejection from that zone will provide a high-probability buy setup to ride the continuation of the long-term trend. But a confirmed breakdown will flip this structure into a bearish reversal, making the 102.00 liquidity pool a prime target. Patience and precision are key — this setup has profit written all over it once confirmation aligns with fundamentals.
Long
by AndrewsMarket-Mastery
2
CADJPY 4H Reversal — VMS Strategy in ActionEarlier we caught a clean setup on CADJPY — a textbook shooting star reversal followed by a strong engulfing candle. The uptrend leading into it was solid, volume spiked at 94, and momentum was at extreme highs before hooking down. Every trigger aligned, and it played out beautifully. ✅ VMS STRATEGY: 1️⃣ Structure — Shooting star + engulfing candle 2️⃣ Trend — Strong uptrend prior to reversal 3️⃣ Momentum — Extreme highs with a clean hook down 4️⃣ Volume — 94 (huge) 5️⃣ Timing — Morning session 5–11am
by darlwright
3
Falling towards 50% Fibonacci support?CAD/JPY is falling towards the pivot, which has been identified as a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to the 1st resistance. Pivot: 107.52 1st Support: 106.67 1st Resistance: 108.88 Disclaimer: The above opinions given 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 only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or 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 and 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.
Long
by IC Markets
CADJPY Bounce Plan – Dual Target SetupPrice is now reacting near the 108.144 entry zone, just above strong support at 107.545. If this zone holds, I’m expecting a bullish move to trigger toward the upside targets. 🎯 Targets in Focus: 📌 Expect 1: 109.010 📌 Expect 2: 109.721 If price breaks above 109.010 and forms a base, I’ll look for a second leg toward 109.721. - Entry Level: 108.144 - Support Zone: 107.545 (key invalidation area) - Confirmation: Bullish candle or structure shift around 108.10 zone Watching RSI and reaction at current level for early confirmation.
Long
by ClearTradingMind