Best Buying Areas for the Canadian Yen

The Canadian Yen pair has managed to establish strong new areas

after bouncing back from previous daily demand areas

which have created a strong new trend line.

Therefore, the pair is expected to rise again,

especially since the pair has not yet completed its consolidation targets.

An upside is expected from the new demand areas at the 104.200 level,

targeting the 104.700 and 105.300 levels, respectively.

It is preferable to place a cover order only if the pair moves more than +25 pips.

The stop loss, as shown, is at the 103.600 level.