CADJPY: Strong Selling Pressure Evident

A bearish breakout has occurred in CADJPY, with the price breaking below both an upward trendline and a horizontal demand zone.

Following a retest of the broken trendline, a strong rejection suggests potential for further downside movement.

The next key support level to monitor is 108.83.
Candlestick AnalysisSupport and ResistanceTrend Lines

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