CAD/JPY – Bearish Rejection at Supply Zone (4H Analysis)CAD/JPYOANDA:CADJPYTheWallstreetCapitalPrice has tapped into the 4H supply zone and is showing multiple rejections, indicating weakening bullish momentum. After failing to break above the 116.80 resistance area, the pair is now forming lower highs, suggesting sellers are stepping in. Currently, price is retesting the broken structure around 116.60–116.65, and if this retest holds, we may see a continuation to the downside. 🔻 Bearish Outlook: If price breaks and retests below minor support, the next target sits near the 116.150 demand zone, which aligns with previous structure. 📉 Bias: Bearish 🎯 Target: 116.150 ⚠️ Invalidation: Clean break above 116.80 zone This move aligns with overall exhaustion after a strong upside rally — expecting a healthy correction before any further bullish continuation.