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CADJPY testing highs, what's the likelihood of a sustained breakout above 115.6?
Watching $CADJPY closely today, it's been teasing the 115.60 area multiple times but keeps pulling back just shy of a strong push. I'd put the odds of seeing a clean close above 115.6 by end of day at around 40%, maybe a bit less, given the prior rejections and general market caution.
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I'm seeing similar hesitation. The daily chart still looks range-bound, and without a stronger catalyst, a sustained breakout feels unlikely. Any specific news you're watching that could push it?