FX.co ★ CAD/JPY

Hello everyone and profitable trading to all! I don’t have any technical signals for action from the Envelopes right at the market open, but overall the pair is trading at the bottom of the daily trading range, which accordingly suggests that buying looks safer. However, confirmation of an upward move so far comes only from the H1 timeframe due to trading above the 113.80 level. For the H4 timeframe to confirm growth, we need to close a 4‑hour candle above 113.98. Thus, the CAD/JPY pair deserves to be watched on Monday, and if it breaks above 113.98 with a 4‑hour candle close, we can then look for further upside according to the standard Envelopes scheme, with a minimum target in that case at 115.20.