💱 CAD/JPY Reversal Watch: Bearish Pressure Builds Below Resistance
4-Hour Candlestick Chart – Analysis as of June 30, 2025
The CAD/JPY pair is showing signs of weakening momentum after repeated failures to break above the key 106.000 resistance level. This suggests growing downside pressure and increased chances of a corrective move in the near term.
🔍 Key Technical Levels
🟥 Current Price: 105.481
🚫 Resistance Zone: Around 106.000 — multiple rejections signal seller dominance
🛡️ Key Support Level: 104.000 — acting as the downside magnet
📉 Downward Arrow: Suggests bearish directional sentiment remains intact
🧠 Technical Interpretation
📌 Price action is forming a lower high, a classic sign of a potential short-term reversal.
📌 Repeated failures near the 106.000 mark highlight resistance strength and declining bullish interest.
📌 A drop below 105.000 could intensify downside momentum, with the 104.000 support as the next major level.
📌 For bulls to regain control, the pair must reclaim 106.000 with solid buying volume.
4-Hour Candlestick Chart – Analysis as of June 30, 2025
The CAD/JPY pair is showing signs of weakening momentum after repeated failures to break above the key 106.000 resistance level. This suggests growing downside pressure and increased chances of a corrective move in the near term.
🔍 Key Technical Levels
🟥 Current Price: 105.481
🚫 Resistance Zone: Around 106.000 — multiple rejections signal seller dominance
🛡️ Key Support Level: 104.000 — acting as the downside magnet
📉 Downward Arrow: Suggests bearish directional sentiment remains intact
🧠 Technical Interpretation
📌 Price action is forming a lower high, a classic sign of a potential short-term reversal.
📌 Repeated failures near the 106.000 mark highlight resistance strength and declining bullish interest.
📌 A drop below 105.000 could intensify downside momentum, with the 104.000 support as the next major level.
📌 For bulls to regain control, the pair must reclaim 106.000 with solid buying volume.
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.
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.