The secondary trend of CAD/JPY is sideways, In its 4
hourly chart, prices are taking support of falling trend line &
consolidating with a positive bias. 30 DMA & 200 DMA are also
providing support to the prices & supporting the further uptrend.
If CAD/JPY crosses the trend line and sustains above it then we can
expect it to show north ward movement in the prices. If it breaks the
level of 96.05 & sustains above it we can expect it to come up to
the levels of 96.80/97.40 in next few days.
INDICATORS:-
RSI is sustaining in buying territory, supporting the
upcoming bullish trend in the pair.
RECOMMENDATION : BUY
STRATEGY:-
CAD/JPY
is looking bullish on charts for next few session. One can go for buy
on dips level strategy for this pair for intra day to mid term
positions.
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