CAD/JPY Technical analysis

FX:CADJPY   Canadian Dollar / Japanese Yen
The counter has a newly found bullish momentum.
It has formed higher highs from the lows. The lower lows formed can be connected to form a bullish trendline as well.
Also, it has formed an inverse head and shoulder and broke its neckline.
It is at the confluence of supports - neckline and trendline, which can be a tough nut to crack.
Hence, we expect the pair to move higher from here.


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.