📈CADJPY had been trading in a sideways pattern for two weeks until a significant news release caused the pair to become more bullish.
On the 4-hour chart, the price successfully broke through and closed above a resistance level of the range.
This breakout suggests a potential uptrend, with the next support level expected at 111.02.
On the 4-hour chart, the price successfully broke through and closed above a resistance level of the range.
This breakout suggests a potential uptrend, with the next support level expected at 111.02.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.