BUY CADJPY – 112.48

The CADJPY pair is forming a classic buy‑sweep setup where the price has filled a recent gap and created an equal high‑low sweep, indicating strong buying pressure. High volume confirms the move, while the 4‑hour chart shows a clear support zone around 112.36 and a clean entry at 112.48, giving an excellent risk‑reward profile with multiple profit targets. On the fundamental side, Japan’s GDP data missed expectations, pushing the yen lower, and the US market holiday has thinned liquidity, further weakening the yen. Meanwhile, the Canadian dollar benefits from a relatively stable commodity environment and a risk‑on sentiment that favours CAD over safe‑haven yen. The confluence of these technical and macro factors justifies a bullish stance on CADJPY with a high confidence level.