CAD/JPY: Recovery in Progress with Key Resistance Levels Ahead

CAD/JPY has bounced from the 105.25 low following a recent selloff and is now climbing back within the ascending channel. Price action is forming a recovery structure, with momentum building toward the 106.50–107.00 resistance zone.

Maintaining support above the 105.60–105.80 area is crucial for the bullish outlook to remain intact. If momentum holds, the pair may extend the move into a broader reversal, targeting the higher 107.90 resistance level in the sessions ahead.