SELL CADJPY – 112.353

Technically the CADJPY chart shows an equal‑high‑low sweep that has filled a recent gap, indicating a sell‑off momentum. The entry at 112.353 aligns with a multi‑timeframe bearish bias (MTF bearish, H4 bearish) and the OBV indicator is in conflict, suggesting weakening buying pressure. The stop is placed at the recent structural high of 112.473, providing a clear risk limit. Fundamentally, recent US CPI data showed a slowdown, reinforcing expectations of a less aggressive Fed stance, while robust US employment numbers have bolstered the dollar. USD/CAD has been extending a three‑day climb, reflecting broader USD strength, and risk‑off sentiment amid geopolitical concerns is favoring the safe‑haven yen. This combination of technical bearish signals and strong fundamental drivers for USD strength and CAD weakness underpins a high‑confidence, high‑conviction sell trade on CADJPY.