CADJPY: Buyers Challenge the Resistance again

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CADJPY: Buyers Challenge the Resistance againCAD/JPYOANDA:CADJPYTrendDivaCADJPY is looking quite interesting. What we see so far is that price has been gradually curving higher, forming a rounded recovery. Now, it's back at this important resistance zone. Price was rejected here recently, but this time, the pullback didn't last long, while being relatively smaller compared to the preceding one. Price has climbed all the way back to the same zone in a short amount of time, and that's a great clue too. What's more, look at the latest candle. It's a full bullish candle pushing straight into the resistance zone from below. The pressure is there. And this test could finally decide the direction: if price breaks above this zone and holds it on a retest, we could see a continuation toward around 114.00. But until then the breakout remains unconfirmed. The next reaction will be important, as sellers could still reject price once again. This is not financial advice, just sharing my personal view on the charts.