CAD/JPY struggles to break above 85.30, targets 84.80
Major resistance – 86.30 (trend line joining 86.21 and 86.27)
Major support - 84.80
The pair has once again retreated after making a high of 86.20. It is currently trading around 85.83.
Short term trend is slightly weak as long as resistance 86.30 holds. Any break above 86.30 will take the pair to next level around 87.05/88 in short term.
The pair’s minor support is around 85.40 and break below targets 84.80/84.10.
StochRsi- Sell
It is good to sell on rallies around 85.75-85.80 with SL around 86.30 for the TP of 84.80/84.10
Major support - 84.80
The pair has once again retreated after making a high of 86.20. It is currently trading around 85.83.
Short term trend is slightly weak as long as resistance 86.30 holds. Any break above 86.30 will take the pair to next level around 87.05/88 in short term.
The pair’s minor support is around 85.40 and break below targets 84.80/84.10.
StochRsi- Sell
It is good to sell on rallies around 85.75-85.80 with SL around 86.30 for the TP of 84.80/84.10