CADJPY Analysis for July 24, 2026
The cross has performed exceptionally well within the bullish margin cycle. This followed a classic setup:
1. Consolidation above the 1/2 margin level
2. Subsequent pullback to the 1/4 support level
3. Rally toward the full margin cycle zone.
Note that the pair is currently testing the upper boundary of the monthly average true range. Combined with the margin zone, this area provides significant overhead resistance.
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