CADJPY: Critical Resistance RejectionCanadian Dollar vs Japanese YenTICKMILL:CADJPYraiaanko39Hello Trading Fam! 👋 The Setup: Bearish Rejection Context: The pair has been climbing within an ascending channel (orange lines) following a strong bounce from the Support Zone near 112.141. Resistance Confluence: Price has now entered a "Supply Zone" (green box) that aligns with a historical Resistance Zone at approximately 114.770. The Signal: The label "Look for Shorts" identifies this intersection of the channel's upper boundary and the horizontal supply zone as a high-probability area for a price drop. Key Levels to Watch Resistance: 114.770 serves as the primary barrier where selling pressure is expected to increase. Support Target: If the reversal triggers, the red arrow suggests a move back toward the lower channel boundary or the 112.655 level. Don’t forget to like and share your thoughts in the comments! ❤️