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$CADJPY at 114.176 – Watching for a Retest or Break
Been keeping an eye on $CADJPY lately, especially with the session high touching 114.633 before the pullback. We're currently sitting around 114.176, which feels like a crucial short-term level. I'm wondering if we see a retest of that 114.60-114.65 area, potentially as resistance if the momentum fades, or if it acts as a springboard for another push higher if buyers step in again. The risk for me right now is a sustained break below the 113.982 low we saw today; that would likely invalidate any bullish short-term lean I might have and suggest further downside is in play. Just trying to figure out if this is a healthy consolidation or the start of something else.
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