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- Major Support – 82
- CAD/JPY has recovered after making a low of 82.67.It is currently trading at 83.01.
- Short term trend is bullish as long as support 82 holds. On the downside any break below 82 will drag the pair down till 81.45/80.80 in the short term.
- The pair’s resistance is around 83.60 and any violation above 83.60 targets 84.30/85 in the short term.
- Overall trend reversal only above 85.50 level.
It is good to buy at dips around 82.65-82.70 with SL around 82 for the TP of 83.60/84.30
R1-83.60
R2-84.30
R3-85
Support
S1-82
S2-81.45
S3-80.80
