CADJPY
The CADJPY pair has recently made a significant breakthrough, surpassing a previously established range. Currently, it is revisiting the former level of resistance, which now serves as a potential support level. If the price manages to hold at this level, it could indicate a bullish trend, leading to higher highs and potentially profitable trading opportunities. Underneath this area of range liquidity formed. We'll look at this zone as a potential entry for the buy.
If the price drops below the current area, it may lead to a significant break and a subsequent decline towards the 38.2 level on the Fibonacci retracement. This level is an important support level and a potential turning point for the price action. the 38.2 level on the Fibonacci retracement. This level is an important support level and a potential turning point for the price action.