Anticipated Upside for CAD/JPY on the 4-Hour Timeframe

The pair has reached strong daily demand zones following a breakout from a prior consolidation phase on the same timeframe.

Currently, the pair has retested these daily demand zones, which also align with overlapping areas on the 4-hour timeframe—a zone that also featured consolidation. This has triggered the pair’s current upward movement.

Expected Targets

The pair is expected to continue its ascent toward the identified targets near the 112.80 and 133.20 levels, respectively.

This analysis is invalidated if the demand zones marked on the chart are broken.