The price line on CAD/JPY started an ascending wave on January 19, 2023. The price line has recently reached a resistance level of around 100. Some indicators are issuing bearish signals, and traders can expect a bearish leg starting from the mentioned resistance zone. RSI has issued negative divergence signals, and a bearish wave seems to be happening on the chart.
• There is a resistance level at 10.48000 followed by resistance at 10.60000 and 10.65480
• There is a support level at 10.35000. Below, there is 1.30300 and 10.273000.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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