CADJPY H4 | Rising to resistance level

TitleCADJPY H4 | Rising to resistance levelTypeBullish BouncePreference:CADJPY could continue the uptrend from the pivot at 106.501, the pullback support, and rise to the 1st resistance at 108.107, the multi-swing high resistance level.Alternative scenario:The price could pullback and reverse to the 1st support at 106.199, which aligns with the 61.8% Fibonacci retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.