CADJPY

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The market has breached below the support overlap, signaling a potential reversal towards the take-profit level.

To take advantage of the increasing selling pressure, it is advisable to initiate a sell position at 106.996, aligning with the resistance overlap.

Recognize the support level at 105.413 as a point for a potential pullback.

Caution is advised when trading Forex with margin, as it involves significant risk and may not be suitable for all investors. Exercise prudence.

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