FX.co ★ raynor.cornelius | CAD/JPY

CAD/JPY

Sunday technical analysis of the pair on the 1-hour chart. At the 111.14 level, the price worked out the TF low and from there is returning upward. The price is working through the large blue zone; when rising, it uses the red zone as a support level. The price may fully work through the blue zone, return to the parameters of its previous range at the 116.52 level, break out of the sideways movement upward and head toward testing the high that is currently being formed above.