CADJPY: Breakout & Demand Zone
📈CADJPY surpassed and closed above a strong horizontal resistance cluster on a daily basis, as well as a significant descending trend line.
The violated vertical and horizontal formations now form an expanding area of demand.
I anticipate a bullish trend to emerge from the highlighted blue region, with a target set at 110.00.
The violated vertical and horizontal formations now form an expanding area of demand.
I anticipate a bullish trend to emerge from the highlighted blue region, with a target set at 110.00.
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