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CAD/JPY on the 4H timeframe is maintaining a bullish outlook. Price successfully broke and closed above the previous resistance zone, confirming bullish momentum. The retest of the broken level held strongly, showing that buyers are protecting this zone as new support. Bullish candlestick patterns emerged after the retest, signaling renewed buyer interest and continuation potential.

Market structure also supports the bullish scenario, as higher highs and higher lows are being established. Volume activity during the breakout and retest aligns with the bullish continuation bias. As long as price stays above the retested support, further upside movement toward the next resistance area is favored, with momentum likely to continue in buyers’ favor.

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