Thursday, October 15, 2026

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CAD/JPY breaks major intraday resistance at 87.67, jump till 88.90 likely

Major intraday resistance- 87.67 Major support – 86.87 (200- HMA). CAD/JPY breaks the major resistance 87.67 and jumped till 87.86 at the time of writing. It is currently trading around 87.85. The intraday trend is sligh…

By FxWirePro Team
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CAD/JPY breaks major intraday resistance at 87.67, jump till 88.90 likely
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  • Major intraday resistance- 87.67
     
  • Major support – 86.87 (200- HMA).
     
  • CAD/JPY breaks the major resistance 87.67 and jumped till 87.86 at the time of writing. It is currently trading around 87.85.
     
  • The intraday trend is slightly bullish as long as support 86.87 (200- HMA) holds.
     
  • On the higher side, any break above 87.67 will take the pair to next level till 88.25 (20th Decd 2016 high)/88.90 (15th Dec 2016 high).
     
  • The minor support of the pair stands at 87.29 and any violation below will drag the pair down till 86.87/86.

    It is good to buy on dips around 87.70-75 with SL around 87.28 for the TP of 88.25/88.90

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