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.


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