FX.co ★ Daily Video Analysis: CADJPY facing bullish pressure, potential for a further rise

Today we take a look at CADJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. CADJPY is holding above the ascending trendline and shows bullish pressure. We could possibly see a potential bounce at our buy entry level in line with our 38.2% Fibonacci retracement level, towards our take profit level at the horizontal swing high resistance, or even up to the second take profit level in line with our -27.2% Fibonacci retracement.