CAD/JPY Breakdown and Simple Price Action Analysis: We Called It! Now Eyeing for the Next Continuation Move?
2026-04-14 11:19:49
Key Takeaways:
- Our previous technical setup worked perfectly at the 115.000 support level.
- The market firmly respected the 114.800 to 115.017 zone for a massive rally.
- Price broke daily resistance, heavily favoring a fresh bullish continuation.
- Our upcoming buying target sits clearly at the 116.000 mark.
The recent price action on CAD/JPY played out exactly as anticipated, respecting key structure levels and delivering a clean, technical move. Now that the initial setup has completed, the focus shifts to identifying the next high-probability level for continuation.
Let’s break it down in a simple and practical way.
How Did the Previous CAD/JPY Price Action Anticipation Played Out?
Previous Weekly Chart Price Action Analysis:
Looking back at the weekly chart reveals an amazing setup. I noted in a previous blog post “Simple Price Action Trade on CAD/JPY: 115.000 the Key Floor for CAD/JPY” that the asset was forming a potential final higher low. It reacted flawlessly from the critical 115.000 support zone. The market delivered totally.
- Anticipate this could be the last move of CAD/JPY higher low structure to have its bullish momentum to the upside.
Previous Daily Chart Price Action Analysis:
Last week daily chart simple price action analysis on CAD/JPY, I first identified the overall market structure trend on both weekly and daily chart, then patiently waited for a potential higher low and retest at the key daily support zone (115.017 – 114.800) that I have plotted.
- I anticipate for the retest of daily support zone (115.017 – 114.800) for it to continue to push to the upside.
Current Daily Chart Price Action:
Price respected a well-defined zone, confirming the strength of market structure and price action principles.
- The market reacted precisely at the daily support zone
- Momentum followed through in the anticipated direction
- Clean structure validated the setup
Clean, simple, and precise daily trade; the setup played out exactly as anticipated. A perfect reminder that simple price action works beautifully.
What’s Next on CAD/JPY Buys Using Simple Price Action Analysis?
What’s next move for CAD/JPY buys?
The market is currently setting up for its next explosive move. Since the price already broke a strong daily resistance zone, price action shows us firsthand for a new potential buying position.
We simply want to ride the existing trend upwards. Momentum remains very strong.
Bullish Anticipation: Buying on a Continuation Trend
Price has already broken a strong daily resistance zone, and I will be interested in entering a buying position if:
- Properly rejects daily support zone (115.566 – 115.416).
- Give us a daily bullish candle stick confirmation.
- Target price/ take profit area is 116.00
Final Take
CAD/JPY delivered exactly what the price action suggested
And now the market is setting up for its next move.
The key is simple.
We are simply waiting for the next valid phase of this bullish continuation for CAD/JPY to officially begin.
Be patient.
Watch.
Execute only when price action confirms and confidently pull the trigger without any hesitation once it gives us the go signal!
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Disclaimer:
Trading forex and derivative instruments involves substantial risk and may not be suitable for all individuals. Only use funds that you are prepared to lose. It is important to understand how these markets work and the risks involved before trading, and to seek independent financial advice if needed. All market analysis and insights shared are intended for educational and informational purposes only and should not be considered financial or investment advice. April 13, 2026
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