this is my analysis for CADJPY
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakdown of the resistance level at 1. and the pair will continue to go down to the next level level at 1.
resistance level 1 …………. 84.84
resistance level 2 …………. 84.47
resistance level 3 …………. 84.13
pivot point …………. 83.76
support level 1 ………….. 83.42
support level 2 ………….. 83.05
support level 3 ………….. 82.71
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest SELL at the level 1. stop loss at the level 1. target take profit at the level 1.
if market movement as my scenario, you can earn good profit and avoid much loss in your trading . keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.