Expecting a CADJPY pull back to 110.70. Tuesday was a bearish day... With no solid correction towards the end of day. The bears who sold yesterday, will be looking to close and secure their profits. Hence the the expected pull back. Happy trading ;))
Due to the amount of selling pressure on the previous day... Expecting price to pullback (traders that sold yesterday will be buying their sell orders (closing trades) which will push price higher)