Forex 4.00
Posted October 29, 2026

CAD/JPY

Buy
BUY
Entry Price
112.4000

Signal Details

Direction
Buy
Entry Price
112.4000
Risk: Reward
1:2.57

Trade Levels

Stop Loss
112.0500
Take Profit 1
113.0500
Take Profit 2
113.3000

Technical Chart

Market Analysis

CAD/JPY has extended its short-term recovery towards 113.00 JPY following the Bank of Canada's latest interest rate increase. A corrective return to the 112.35–112.55 JPY support zone could provide a potential buying opportunity.

Key Indicators

  • The 50-period EMA serves as a short-term trend filter, while RSI (14) measures momentum. A bullish reaction near support, with price holding above the EMA and RSI remaining above 50, would strengthen the continuation scenario.

Market Outlook

A confirmed long entry around 112.40 JPY could target 113.05 and subsequently 113.30 JPY. The protective Stop Loss is positioned at 112.05 JPY. Tomorrow's Bank of Japan monetary policy decision may significantly influence the pair's direction.

Risk Alert

The proposed long position requires bullish confirmation near support. A move below 112.05 JPY would invalidate the setup. Unexpected Bank of Japan policy decisions and changes in interest rate expectations may trigger sharp price fluctuations.

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