Because CAD/JPY formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

A potential bullish movement on CAD/JPY
A Rising Wedge pattern was identified on CAD/JPY at 108.993, creating an expectation that it may move to the resistance line at 109.4882. It may break through that line and continue the bullish trend or it may reverse from that line.

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