FX.co ★ Daily Video Analysis: CADJPY facing bullish pressure, potential for 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. Price is facing bullish pressure as it holds above the ascending trendline support and Ichimoku cloud, in line with our bullish bias. We could see price bounce at our buy entry, in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension, and rise further to our take profit levels, in line with horizontal swing high resistances.