CAD/JPY breaks major support, decline till 82.50 is possible
Major support – 86 (Trend line joining 73.30 and 74.40)
The pair has broken major trend line support 86 which confirms major weakness, a decline 85.30/82.25 is possible.
Short term trend is still weak as long as resistance 88 holds.
Any break above 88 will take the pair to next level to 89.30/90.The minor resistance is around 86.80/87.50
It is good to sell on rallies around 85.60-70 with SL around 86.80 for the TP of 85.30/82.60
The pair has broken major trend line support 86 which confirms major weakness, a decline 85.30/82.25 is possible.
Short term trend is still weak as long as resistance 88 holds.
Any break above 88 will take the pair to next level to 89.30/90.The minor resistance is around 86.80/87.50
It is good to sell on rallies around 85.60-70 with SL around 86.80 for the TP of 85.30/82.60