Certainly! Here's a more polished version:
"I am currently monitoring CAD/JPY for a potential breakout from its current ranging channel, anticipating a retest. Considering the elevated price levels, I am specifically eyeing a pullback retracement of approximately 108 pips in the short term. This retracement could precede a potential upward movement in price."
"I am currently monitoring CAD/JPY for a potential breakout from its current ranging channel, anticipating a retest. Considering the elevated price levels, I am specifically eyeing a pullback retracement of approximately 108 pips in the short term. This retracement could precede a potential upward movement in price."