Canadian Yen and an opportunity to buy soon

The Canadian Yen pair is still moving in a general upward trend on the daily frame

Currently the pair is trying to make some corrections

In a movement that includes all yen pairs for correction and reaping some profits.

Expectations still indicate that the pair will continue to rise in the long term

Therefore, we still advise buying if any correction occurs.

Expected goals

The pair was able to form new demand zones on the daily frame

It is considered one of the best buying areas and is located at the 111.44 levels

It is expected in the event of testing new demand areas

It rises to the targets set at levels of 112.20 and 113.10.

The buying outlook fails if it breaks and closes below the demand areas.