CAD/JPY has now broken its weekly zone with price action confirmation, this tells us that buyers have the power and was able to beat sellers. so now we are looking for longs to our next major area of sensitivity, what we will wait for is an exhaustion and then entry confirmation. we are hoping for exhaustion to complete at our weekly zone so we see buy pressure from our level of sensitivity, we will monitor closely.
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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.