CAD/JPY is in a bullish trend, making HHs and HLs and forming a Rising Wedge. The price action is currently making a pullback into the rising support which has a confluence of slow MA dynamic support.
The Bullish Bias is based on the following signals:
Bullish trend (price making HHs and HLs)
GMMA: fast MA above slow MA with separation
Slow MA acting as dynamic support
RSI above 50 and not too near overbought levels
OBV convergence with price (uptrend has conviction)
Expecting bulls to be in control above the rising support. Go short if the wedge breaks downside.