CAD/JPY is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 5 days.

A potential bullish movement on CAD/JPY
CAD/JPY is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If CAD/JPY continues in its current trajectory, we could see it reach 109.6913 within the next 17 hours.

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