FX.co ★ raynor.cornelius | CAD/JPY

CAD/JPY, Tuesday 05 May 2026

Yesterday on Monday, the CADJPY currency pair seemed to comfortably swing in a sideways wave. And tonight on the H4 timeframe, a candle appears to start swinging upwards towards the price level of 115.786, successfully reaching the area of dynamic resistance convergence of the orange EMA200 line with the purple EMA50 and blue EMA21 lines. The bullish technical support direction is also evident in the CCI14 indicator, which is currently still trending upwards at the peak of the overbought area. Therefore, for tonight's trading, the choice of trading BUY CADJPY will still be a profitable option, by placing a stop loss at the lower 115.000 area and a take profit target at the higher 117.500 area.