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CAD/JPY breaks major trend line support at 82.25, decline till 80.85 is possible

  • Major support -82.25 (trend line joining 79.27 and 79.79)
     
  • The pair has broken major support 82.25 and declined till 81. term trend is slightly weak as long as resistance 82.70 holds.
     
  • Any break above 82.70 will take the pair to next level 83.25/83.50. Overall trend reversal only above 83.50.
     
  • On the lower side any break below 82.25 will drag the pair down till 81.35/80.85.

It is good to sell on rallies around 82.10-82.20 with SL around 82.75 for the TP of 81.35/80.85.

 

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