CAD/JPY holds near ¥112.1 resistance as intraday buyer momentum slows
Canadian Dollar vs Yen (CAD/JPY) is trading at ¥111.65, recording a modest 0.52% daily gain. The pair sits above its key short-term moving average but remains below medium- and long-term averages.
111.56
111.53
Highlights
- CAD/JPY shows mild short-term strength but remains below key longer-term moving averages, maintaining a broadly bearish structure.
- Technical indicators are mixed, as momentum tools signal further downside but intraday price action and buyer strength point to consolidation.
- For the next 2 to 3 sessions, CAD/JPY is expected to trade between ¥110.68 and ¥112.62, with downside risk prevailing.
Mixed momentum signals as intraday buyers face bearish pressure
CAD/JPY is trading above the MA-20 at ¥111.51 but remains capped below both the MA-50 at ¥112.1 and the MA-200 at ¥114.82. The Ichimoku Kijun is at ¥111.39 and acts as immediate support. Momentum indicators offer a mixed picture: MACD and ADX continue to signal sell, indicating ongoing bearish momentum, while RSI at 51.38 and CCI both register buy signals, and Stochastic RSI points to overbought conditions. Bull/Bear Power shows intraday buyer dominance, although overall oscillator signals are divergent, highlighting uncertainty in market conviction.
Downside scenario favored as rangebound trading persists
Over the next 2 to 3 sessions, CAD/JPY is likely to consolidate within a typical volatility band between ¥110.68 and ¥112.62. The probability of an upside breakout is low at just 24%, making a downward move the more probable near-term outcome. Unless resistance is breached, the base case scenario remains rangebound trading, with any renewed selling pressure potentially pushing the pair below immediate support.
Earlier, analysts noted that CAD/JPY was under persistent bearish pressure, with technical signals favoring continued weakness. The current analysis adds a note of caution by highlighting mixed momentum signals, suggesting traders should watch for renewed selling below ¥111.39 as the next potential catalyst for directional movement.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
