On the 4-hour chart the CAD/JPY cross currency pair can be seen that the CCI indicator is in the range of 0 to -100 and is moving below the 100 period Moving Average, so it can be confirmed that sellers are still dominating CAD/JPY while a correction is currently taking place. up and stuck at the level of the Bearish Fair Value Gap area (purple box), now this currency pair will again try to break down the 101.40 level. If it is successfully broken, the next level to be tested is at the 100.18 level during its journey to these target levels there is no upward rally corrective movement past the 104.06 level, so the downward movement is still valid.
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