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Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs, Monday February 17, 2025.
02:18 2025-02-17 UTC--5

With the appearance of the Bullish Divergence pattern, it seems that CAD/JPY on the 30-minute chart has the potential to strengthen as long as there is no further weakening that breaks through and closes below the 106.86 level, then CAD/JPY has the potential to strengthen towards the 107.09 level. If this level is successfully broken through and closes above this level, then CAD/JPY has the potential to continue strengthening to the 107.50 level and if the momentum and volatility support it, then 107.85 will be the next target.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.