As usual, we employ the top-down analysis system to analyze our charts. Our focus is on CADJPY Intraday.
Monthly chart- is on a bullish trend
Weekly chart– also shows a bullish trend and we have a bullish divergence as well
Daily chart- Price is creating a box and just broken thru the resistance.
Recommendation: On the 1hr time-frame, look what the price is doing and if it will retest the box and can go up.
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