With the appearance of Divergence between the CAD/JPY price movement on its 4-hour chart with the Awesome Oscillator indicator and also confirmed by the appearance of the Bullish 123 pattern, it gives an indication that in the near future it has the potential to appreciate upwards where the level of 103.62 will be tested to be broken and closed above that level. If it is successful then CAD/JPY will continue its strengthening to the level of 104.20 and if the volatility and momentum of its strengthening support then 105.02 will be the next target but if on its way to the targets of those levels CAD/JPY suddenly experiences a significant weakening correction especially if it breaks and closes below 101.36 then all the strengthening setups that have been described previously will be invalid and automatically canceled by themselves.
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