CADJPY: Major Resistance Levels

With the shift in energy supplier for Europe we could see the price of Brent and European LNG/Gas coming lower. Canada and the USA have started to do deals with the Europeans to up supply to them. The Canadian dollar would weaken as the price of oil came down and the yen would strengthen as manufacturing exporters would get some relief too. Monthly, weekly resistance levels have come into play, so technicals could be lining up with the new sentiment and fundamentals. We just need to be aware that Russia and the war are unpredictable, so being nimble and defining risk is key. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

1:04 CAD/JPY