CADJPY SHORTCanadian Dollar vs Japanese YenICMARKETS:CADJPYnickmurrPoint of Interest (POI): Price has reached the Left Shoulder of a significant high, representing a classic Supply zone where institutional selling is expected. QM Levels: The top of the blue box marks your Quasimodo (QM) level. Note the price action: after an impulsive approach, price is stalling within the zone, evidenced by upper wicks. Current State: We see a series of bearish closes on the 12H timeframe, signaling that the level is being respected.