CAD/JPY Higher Timeframe Analysis

This Daily Chart was gotten from Top-Down Analysis. From the Monthly Chart down to the Weekly Chart, and now down to the Daily Chart.

Price is returning back to Two key Supply Zones on the Daily Chart.

📍The Fail-to-Return (FTR) Supply Area at the 95 Price Level also has the 61.8% Fibonacci Resistance as confluence.

📍The QML Supply Area at the 100 Key Level has the 78.6% Fibonacci Resistance as confluence.

If you are trading this pair on the lower timeframe charts, keep this in mind.

QML Traders, Supply and Demand Traders and Fibonacci Traders will find this post helpful.

Cheers and Happy Trading!!