The CADJPY pair has been evolving for several weeks in a bullish channel marked on the chart. In terms of technical indicators, the RSI evolves above its neutrality area and the MACD remained anchored in positive territory. Investors will therefore be able to use the return on the moving average at 7 sessions to be bullish on the pair. The stop-loss can be positioned below the moving average at 20 sessions to aim for a return on the upper limit of the channel.
Direction: Up
Entry: 97.02
Stop-Loss: 95.30
