A Strong Opportunity to Buy the Canadian Yen

The Canadian Yen has begun a correction and decline

After a strong rise in the previous bullish wave,

the pair reached the 109.700 level,

which is considered an important level on the weekly frame.

This has pushed the pair into a current correction wave.

We are expected to see the decline continue in the coming days

to fill the gap and target the buying demand areas

located at the 106.00 level, which is considered one of the best and strongest

buying areas expected for the Canadian Yen pair.

In the event of a decline to the buying demand areas

 identified on the chart,

a rise from them is expected to reach the targets identified at 106.80 and 107.80.

The analysis fails to break and close below the specified demand areas.