FX.co ★ Technical Analysis of Intraday Price Movement of CAD/JPY Commodity Currency Pairs, Wednesday, December 06 2023.

With the breakthrough of the three main levels from CCI indicator on the 4 hour chart of CAD/JPY currency pairs, and now hold on to the area level of 100-0 which at the same time stuck at its Bearish Orderblock levels at 109.48 on the 4 hour chart and at the same time the price movement is below the WMA 30 Shit 2, gives the clue that in the near future, CAD/JPY will continue the downward until the level 107,70 as the first target and the level 106,47 as the second target if the momentum and the volatility strong enough, as longa s there is no upward correction which is quite significant, where there is no strengthening that breaks above the level 109,64, because if the level successfully breaks above, then it has the potential to make the downward at USD/CHF currently cancel itself.

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