CADJPY Chart Technical Outlook moving higher in a medium-term bullish cycle
The cross has moved higher from a confluence zone at 140.60-25.
Using DeMark indicators there is no clear indication of a change of trend.
We could see a corrective dip close to resistance at 106.30. However, we would look for this to be limited. Prime resistance is located at 108.75.
The trend of lower lows is located at 109.32.
