With the appearance of the Bullish Divergence pattern, it seems that CAD/JPY on the 30-minute chart has the potential to strengthen as long as there is no further weakening that breaks through and closes below the 106.86 level, then CAD/JPY has the potential to strengthen towards the 107.09 level. If this level is successfully broken through and closes above this level, then CAD/JPY has the potential to continue strengthening to the 107.50 level and if the momentum and volatility support it, then 107.85 will be the next target.
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