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Possible start of a bullish trend on CAD/JPY

Possible start of a bullish trend on CAD/JPY

CAD/JPY has broken through a line of 104.9600. If this breakout holds true, we could see the price of CAD/JPY heading towards 105.7821 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades. Supported by Upward sloping Moving Average

Chart 30 Minutes
Pattern Resistance
Length 334 Candles
Identified 18-Aug-2022 20:00 UTC