CAD/JPY breaks major resistance at 86.50, break above targets 88/89.50

• Major resistance – 86.50
   
• Major support - 84.50
   
• The pair has broken major resistance at 86.50 yesterday and jumped till 87.11.It is currently trading around 86.73.
   
• Short term trend is slightly bullish as long as support 85.80 holds. The break of 86.50 confirms minor trend reversal, a jump till 88/88.90 is possible.
   
• The pair’s major support is around 85.30 and break below targets 84.50/84.10.
   
• Overall bullish invalidation only below 84.50.

It is good to buy above 86.50 with SL around 85 for the TP of 88/89.50