CADJPY - Overbought at Resistance… Correction Ahead?Canadian Dollar vs Japanese YenTICKMILL:CADJPYTheSignalyst⚔️CADJPY is approaching a major rejection zone around 111.00, which aligns perfectly with the upper bound of the rising channel. Price is also showing clear overbought behavior, making this area a critical decision point for the next move. For now, the pair remains overall bullish, trading inside a clean ascending structure. However, the current location leaves CADJPY vulnerable to a corrective move as long as the 111.00 resistance continues to hold. If the bulls manage to break and hold above 111.00, the momentum could extend toward higher highs. But if the resistance rejects price again, we can expect a move back toward the lower trendline of the channel to reset the structure.📉 The market is now at a key inflection zone… will 111.00 act as a ceiling or fuel the next breakout? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr.