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Technical analysis for the CAD/JPY, the pair broke above the high of 2021, resuming the bullish trend on the weekly chart. The next target for this bullish breakout is the 0.786 FIB retracement on the monthly chart at 95.50. The third target of the bullish wave on the weekly chart for the CAD/JPY is the 2.272 FIB extension at 96.00. The fourth target is the 2.618 FIB extension on the weekly chart at 98.80.
The CAD/JPY is overbought on the daily chart, and it needs a pullback. In case of a pullback the first support is the previous high and resistance, now support at 93.00. The second support is the low on the daily chart at 91.60.
Weekly chart:
Monthly chart:
