The CAD/JPY pair has entered the consolidation phase. However, it is still under the bears' control due to the coronavirus outbreak and its influence on the oil market. The CAD/JPY pair is likely to reach the nearest liquidity pool at 73.80. As long as this pair does not retrace and closes above the 78.37 level, then it may break the 73.80 level .
Overall the bias from CAD/JPY is Bearish.
(Disclaimer)
