CAD/JPY Technical Analysis – Bearish Reversal from ResistanceCAD/JPYOANDA:CADJPYmarco802CAD/JPY Technical Analysis – Bearish Reversal from Resistance Short Analysis: Resistance Zone (108.500–109.000): Price is approaching a strong resistance area where previous selling pressure emerged. Bearish Projection: A rejection from this zone could trigger a decline toward the 105.500 target. Market Structure: Lower highs forming, indicating weakening bullish momentum. Why Price May Drop: Technical Rejection: Multiple tests of resistance without breakout. Volume Gap: Low trading volume below current price levels could accelerate the drop. Trend Shift: Break of recent support suggests sellers are gaining control.