CADJPY (4h)

CADJPY:

CADJPY has been making its way upward, since the end of July 2020. This small uptrend can be seen by its higher lows (marked by the green circles).
• Since mid-May 2020, price has been heading upward toward the top trendline of a downtrend (1D), at which point a new high may be formed.
• Price has recently reached a strong resistance zone, now hitting it for the fourth time (4h).

We will be waiting until price breaks past, and retests on, the ~81.421-81.587 zone, at which point we will be looking forward to BUYING.

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