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CADJPY is trading higher for for 3rd consecutive day and jumped more than 150 pips from low of 83.65. The major reason for the jump is due to huge selling pressure in yen on slightly easing US-China trade war.USDJPY has broken 111.23 after a long consolidation and jumped till 111.98. CADJPY hits high of 85.23 breaking trend line resistance around and is currently trading around 85.16.
The near term resistance is around 85.28 and any break above targets 85.50/86.22.
On the lower side, near term support is around 84.65 (23.6% fib) and any violation below targets 84.27/83.65.
It is good to buy on dips around 84.80 with SL around 84.20 for the TP of 86.20.
