LoonieYen - Cloud based long

The CADJPY technically appears to be Bullish in the longer term. Factors based on price action and the cloud to consider are

1. Present Kumo - price is well above the cloud.

2. Future Kumo - is bullish with SSA and SSB both sloping up.

3. Chikou Span - is bullish above price and with ample space to the current price action. It suggests 107 as medium term resistance.

4. Kijun Sen - is flat suggesting price will consolidate in the medium term ( and will be the medum term balanced price)

5. Descending P wave High - from the 21/04/2022 is the prior swing high, which price may retest as support before continuing upwards.

6. Tenkan Sen - made a golden cross to KS on 31/05/2022 and presently is still sloping up . So in the shorter term (intraday ) price may be bullish.

7. Fibonacci Retracement - the .618 retracement of the past uptrend sits at 102.87.

8. Fibonacci Expansion - from a projected area of support would suggest 111 for a zone for the next bullish move.


So a potential zone to enter long is 102.50 - 103.

The stop aggressive below Present Kumo 99.50 .

Considering target above 1.110.