CAD/JPY – Wedge Breakout Pattern (21.11.2025)

📝 Setup Overview
CAD/JPY has broken below a rising wedge structure, signaling weakening bullish momentum. After multiple rejections at the resistance zone, price is now losing steam below the Ichimoku cloud, showing early bearish pressure.A clean breakout + retest scenario opens the door for downside continuation toward the next demand zones.

📌 Trading Plan📍 Entry Idea:
Look for bearish continuation below the wedge support + cloud rejection.
🎯 Targets (Support Levels):
1st Support: 111.022
2nd Support: 110.561
🛑 Resistance Zone:
112.014 – 112.294

This zone continues to act as a strong supply area where sellers took control repeatedly.

📉 Today’s Fundamentals – Bearish CAD Bias
1️⃣ Crude Oil Pullback → Weakens CAD
Canada’s economy is heavily tied to oil prices. Today’s dip in crude oil puts pressure on the CAD, giving JPY an advantage.
2️⃣ Safe-Haven Demand Supports JPY
With global markets showing risk-off sentiment (concerns over slowing global growth + uncertain central bank guidance), investors favor safe-haven currencies like the Japanese Yen.
3️⃣ BoC Policy Tone Still Cautious
Recent Bank of Canada communications show limited confidence in economic momentum.
Markets expect slower growth → bearish CAD outlook.

➡️ Combination of oil weakness + JPY strength + wedge breakdown = bearish continuation setup.

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#CADJPY #ForexAnalysis #PriceAction #WedgeBreakout #Ichimoku #FXTrading #TechnicalAnalysis #FundamentalAnalysis #SmartMoney #TradingViewCommunity #Kabhi_TA_Trading

⚠️ Disclaimer
This analysis is for educational purposes only.
Not financial advice. Always manage your risk and trade based on your plan.

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