CADJPY 4H Technical Analysis & Market InsightCAD/JPYOANDA:CADJPYRebornFXTraderCADJPY 4H Technical Analysis & Market Insight The Canadian dollar (CAD) is showing strength as expectations for positive CPI m/m data (forecast 0.2%) could boost demand for CAD, supporting a potential bullish bias for CAD/JPY. Meanwhile, Japanese yen weakness amid global risk sentiment adds to the short-term upside potential. Technical Outlook On the 4-hour timeframe, price initially broke a minor key resistance, prompting buyers to step in and accumulate positions. However, price then dropped below the key level, likely triggering stop losses — a classic liquidity hunt scenario. After this pullback, price recovered and is now retesting the key level, which could act as support. If the next candle closes above this level and is confirmed by market structure, bullish momentum may continue, potentially contributing to a distribution phase. Currently, buyers are stepping in cautiously, and traders should watch for a breakout above the key resistance or a rejection below support to determine the next directional move. Key Levels to Watch: Resistance: 4,100 Support: 4,050 ⚠️ Disclaimer This analysis is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance does not guarantee future results. Always conduct your own research and apply proper risk management.