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WZby u/wei_zhao·3hAnalysis

CADJPY testing resistance, could be a good setup

Watching $CADJPY closely here. It's pushing up against that 115.50-115.55 area, which has acted as pretty strong resistance recently. If we see a solid daily close above 115.55, especially with some follow-through, I'd be looking for a potential move higher, maybe towards 116.00 or even 116.20. The risk, of course, is a rejection from this level, and a close back below 115.30 would certainly make me reconsider any bullish bias there. What are others seeing?

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