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 has seen a bullish breakout above the descending trendline, and MACD is now above the 0 line. We could see a bounce at buy entry level, in line with 23.6% Fibonacci retracement, and further rise up towards take profit levels, in line with -27.2% Fibonacci retracement and horizontal swing high resistance.