CAD/JPY Poised for Further Gains After Bullish Flag Breakout
CAD/JPY Poised for Further Gains After Bullish Flag Breakout
On Friday, CAD/JPY broke out from a bullish flag pattern, signaling potential for further upward movement.
This pattern, known for indicating trend continuation, appears robust and suggests that CAD/JPY may continue to rise.
The bullish momentum is further supported by the positive movement in USD/JPY, driven by the latest Non-Farm Payroll (NFP) data released on Friday.
CAD/JPY is expected to maintain its upward movement throughout the week.
Key resistance levels to watch are 110.60 and 111.85, which could be easily reached if the current momentum persists.
Thank you and Good Luck!
On Friday, CAD/JPY broke out from a bullish flag pattern, signaling potential for further upward movement.
This pattern, known for indicating trend continuation, appears robust and suggests that CAD/JPY may continue to rise.
The bullish momentum is further supported by the positive movement in USD/JPY, driven by the latest Non-Farm Payroll (NFP) data released on Friday.
CAD/JPY is expected to maintain its upward movement throughout the week.
Key resistance levels to watch are 110.60 and 111.85, which could be easily reached if the current momentum persists.
Thank you and Good Luck!
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