CAD/JPY Price Analysis: Bulls and bears battle it out at daily structure
|The price of CAD/JPY is at a crossroads on the daily chart, sandwiched between weekly upside and monthly downside set-ups.
The monthly outlook as the price testing a resistance structure as follows:
Monthly chart
However, from a weekly perspective, the price has completed a return back to high volume support which leaves the upside open for a restest from liquidity.
Weekly chart
Daily chart
The daily chart opens risk to the support level for which if it holds will likely see bull emerge for a re-run of the upside.
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