CADJPY BEARISH SETUP💱 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.
