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CAD/JPY breaks major trend line support, decline till 82.50 is possible

Major support - 86 (Trend line joining 73.30 and 74.40) The pair has broken major trend line support 86 which confirms major weakness, a decline 85.30/82.25 is possible. Short term trend is still weak as long as resistan…

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CAD/JPY breaks major trend line support, decline till 82.50 is possible
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  • Major support - 86 (Trend line joining 73.30 and 74.40)
     
  • The pair has broken major trend line support 86 which confirms major weakness, a decline 85.30/82.25 is possible.
     
  • Short term trend is still weak as long as resistance 88 holds.
     
  • Any break above 88 will take the pair to next level to 89.30/ minor resistance is around 86.80/87.50

It  is good to sell on rallies around 86.10-20 with SL around 86.80 for the TP of 85.30/82.60

 

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