CADJPY: Clear Strength of the Sellers

We observed a bearish breakout on CADJPY, with the price breaking through both an upward trend line and a horizontal demand area.

After retesting the broken trend line, there was a strong rejection, indicating potential for further downward movement.

The next support level to watch for is at 108.83.
Candlestick AnalysisSupport and ResistanceTrend Lines

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