CAD/JPY breaks minor support 92, decline till 90.60 is possible

CAD/JPY has broken major support 92 and declined till 91.78. It is currently trading around 91.97.

• Canadian dollar is trading weak against all major pair as oil prices tumbled near $40 due fresh signs of increasing supplies and declining demand especially china .
   
• The pair's minor resistance is around 92.40 and any break above will take the pair till 93/93.25.
   
• On the downside major support is around 91.60 and break below targets 91/90.60.

It is good to sell on rallies around 92-92.10 with SL around 92.41 for the TP of 91/90.60