• Major support – 78.30 (55- day EMA).
   
• Major resistance -79.66.
   
• CAD/JPY recovered sharply from the low of 78.29 made on Nov 10th. It is currently trading around 79.58.
   
• The major resistance is around 79.66 and any break above will take the pair to next level till 80.31/81.29 (200- day MA).
   
• Any break below 78.80 (5- day MA) will drag the pair down till 78.30 (55- day EMA)/78 in the short term.
  
  It is good to buy above 79.66 with SL around 78.80 for the TP of 80.31/81.29