If we look at the 4 hour chart of CAD/JPY, it can be seen that there is a correction from its strengthening movement, where currently CAD/JPY is trying to test the Bullish Fair Value Gap area level of 108.03-107.80 as long as the decline does not exceed the level of 107.58, then CAD/JPY still has the potential to strengthen and will try to test the 109.97 level as the main target again and the 110.66 level if the momentum and volatility are supportive enough.
(Disclaimer)
