CAD/JPY breaks minor trend line support, targets 76

• Major support – 77.75 (trend line joining 77.34 and 77.60)
   
• Major resistance -78.26 (21- 4H MA)
   
• CAD/JPY breaks major support 77.75 and declined till 77.37 at the time of writing . It is currently trading around 77.48.
   
• Any break below 77.75 will drag the pair down till 77 (61.8% retracement of 75.40 and 79.66)/76/75.40 (Sep 26th low).
   
• The minor resistance is around 77.88 (200- 4 H MA) and any break above targets 78.26 (21- 4H MA)/ 78.54.

It is good to sell on rallies around 77.75-77.80 with SL around 78.25 for the TP of 76/75.45