FX.co ★ Technical Analysis of Intraday Price Movement of CAD/JPY Commodity Currency Pair; Tuesday, January 17, 2023.

After successfully breaking down the 95.38 level on the 4-hour chart, the CAD/JPY commodity currency pair is now being pulled up again to go up and above that level where now the CAD/JPY has the potential to be corrected, rally up to the 97.09 level as its main target and the 97.53-98.16 area level as the next target with a note that during the upward correction journey it does not return to its original bias (Bearish) especially if the decline breaks below the 95.08 level where if this level is successfully penetrated then all upward correction scenarios described previously will become invalid and cancel automatically.

(Disclaimer)