CAD/JPY Daily Chart Analysis (April 3, Price ≈ 114.60)Canadian dollar / Japanese YenCAPITALCOM:CADJPYJunmadayagCAD/JPY Daily Chart Analysis (April 3, Price ≈ 114.60) Strong uptrend intact, but price is now trapped in a broadening wedge (consolidation with rising volatility) right at key resistance. Key Observations: •Major S/R (Daily): Resistance 114.63–116.00 | Support ~112.00 •RSI (28): Neutral at 54.52 — not overbought, plenty of room either way •Bollinger Bands (20, 2.5): Clearly widening → explosive move expected on breakout Bullish Case: Break & close above 114.63–116 with RSI staying above 50. Price rides upper Bollinger Band toward 116–118+. Bearish Case: Rejection at resistance, breakdown below wedge support + lower Bollinger Band. RSI drops under 50 and price heads back to 112 or lower. Which way do you think it breaks — bullish continuation or bearish reversal? Tell me your take! 🚀 #CADJPY #ForexTrading #TechnicalAnalysis #BroadeningWedge #RSI #BollingerBands