FX.co ★ raynor.cornelius | CAD/JPY

Hello traders, CAD/JPY

Saturday's technical analysis of the pair on a 15-minute chart. Here, the price at 113.90 level tested the timeframe low and then corrected upwards from there. However, it only managed to reach the resistance level, the red MA. From the 114.80 level, the price is moving back down. The price is testing a large red zone, and during the descent, it may use the blue zone as a resistance level. The price may fully test the red zone, return to the 113.90 level, and then retest the low there.