FX.co ★ Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs , Monday May 06 2024.ei 2024.

After being stuck at level 111.55 on the 4-hour chart, the CAD/JPY cross currency pair is now being corrected strongly where the main objective is to test the level of 113.82. If during this correction it does not break above level 114.72 then the opportunity for CAD/JPY to weaken again is still strong enough where the level of 110.83 will be the main target to be aimed at in the near future and if the momentum and volatility are supportive then the level of 108.60 will be the next target to be aimed at.

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