$CADJPY watching this level
Just looking at $CADJPY here and that 115.50-115.60 area is really catching my eye. We've tapped it a few times in the last couple of days and the sellers seem to be stepping in pretty consistently there. It feels like a key resistance level right now, almost a ceiling that price is struggling to break through. I'm not making any moves, just observing, but a clean break above say, 115.70, would certainly make me re-evaluate that whole setup.
Conversely, a solid rejection from here, especially if we see follow-through lower, could hint at a move back towards the 115.00 handle or even lower. It's all about how price reacts to this zone. Could be nothing, could be a decent pivot point. Just putting it out there for discussion.