JPYCAD H4: Recovery Trend in FocusJAPANESE YEN / CANADIAN DOLLARFX_IDC:JPYCADAmelia-JonesCurrent Market Context: JPYCAD has experienced a prolonged decline within a descending channel before attracting buying interest near the 0.00858 support area. The pair is now forming higher lows, suggesting that buyers are gradually regaining control of the market. Key Zone: The 0.00860 – 0.00862 area is the key zone to watch. If price continues to hold above this level, the recovery could extend toward the next resistance levels. Primary Scenario: If JPYCAD remains above 0.00860 and gains further bullish momentum, a Buy setup is favored. The first upside target is 0.00866, followed by 0.00868. Risk Scenario: If price falls back into the descending channel and breaks below 0.00858, the recovery structure would weaken, invalidating the current bullish outlook. Trading Plan: Entry: Buy if price holds above 0.00860 with bullish confirmation. Stop Loss: Below 0.00858. Take Profit 1: 0.00866. Take Profit 2: 0.00868.