CAD/JPY, Daily chart
Looking on a long time frame, the pair is about to touch the trend line and resume the bullish trend.
Stochastic also indicates the the asset is very over sold, time to start buying..
I would buy around 93.628, the start of the last wave.
You know how the pair like to trend for long , enjoy the ride.
The asset is bearish the past couple of weeks.
Waiting for a break below the 61.8 FIB level in order to a establish sell position.
The first target will be 1.34337 (76.4 FIB) and the second will be 1.34337
The price consolidate now.
waiting for a break in trend line in order to establish new positions.
The asset seems bullish and about to test the upper trend line.
If we see a bullish break the next target is 104.962 and then 105.40