CADJPY Bought after candle closes above resistance reached +600 points

CADJPY Technical analysis

The Recent CADJPY candle closed above the resistance zone with buyers pressure and CADJPY move up from a higher low of Uptrend line. This shows that Buyers are increasing on CADJPY.

In the 4-hour timeframe chart, CADJPY is bouncing back from the resistance zone.

old resistance converted into new support in cadjpy

CADJPY old resistance level is converted into a new support level in 4 timeframe chart.

Last week, CADJPY moved up and down between small price ranges. This week CADJPY starts to rise with Buyers pressure.

After the confirmation of breakout at the recent resistance, CADJPY Buy signal is given. 

CADJPY take profit target reached after breaking resistance

CADJPY reached the take profit successfully.

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