Reason for Buying CAD/JPY :
CAD/JPY reaches the major Support zone 82.30
Market re-test the support for 3 to 4 times in H4 chart, but it fails to Breakout the Support level.
We expect +2000 to +3500 points movement to the top. Today, the JPY becomes stronger on all JPY pairs.
Most of the JPY pairs breakout their bottom zone for moving further down without much Retracements.
USD/JPY breakout it’s major zone 110.20 this is the reason CAD/JPY has went down to reach the Support Zone 82.30 again.
Finally CAD/JPY reaches our Stop Loss price and trying to breakout the support zone now.
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