If we look at the 4 hour chart of CAD/JPY commodity currency pairs, then there will be Bullish 123 pattern followed by the Bullish Ross Hook (RH) as well as the price movement which is above WMA 30 Shift 2 as well as confirmed by the Golden Cross MACD on the positive area, then, we can expected that in the near future, CAD/JPY will be strengthen to the level 108,85 as the main target and the level 110,48 as the second target, but needs to be careful with the appearance of Rising Wedge pattern, then there is a possibility that CAD/JPY will be corrected to its weaken, especially if on its way to the targets outlined previously CAD/JPY suddenly turns down below the 106.54 level, because if this level is successfully breks below then all the strengthening scenarios previously outlined will become invalid and cancelled by itself.
(Disclaimer)
