#CADJPY: Price broke out of a range and bounced after testing | Forex Technical Analysis & Signals

#CADJPY: Price broke out of a range and bounced after testing the 91.50/92.00 demand zone. The bull are growing stronger with price expected to rally further towards the 93.80 supply zone. Hurdles on route are 93 & 93.25 where we may see some supply come in causing sideways action before the rally resumes. A sustained break of 92 will invalidate this bias taking price back into the 89.50 to 92 range. For now "buying the dips" is preferred.