CADJPY – 4 hour chart: Price reversed from a daily support level and it broke out of a descending trend line and has formed a bullish flag.
Price is currently making a 4 hour bullish corrective structure at the 23.6% Fibonacci level and it has the potential to make an upside continuation move towards the weekly resistance levels.
NZDJPY – Weekly timeframe:
1- Support zone,
2- Descending channel,
3- Previous 2 weeks have been bullish ( Hammer and Bullish Engulfing )
Price reversed from a support zone and it’s currently moving within a corrective channel on the 4HR Time Frame.
Price has the potential to move higher towards the weekly trendline resistance zone