CAD/JPY breaks minor trend line support, targets 78.55/78.05
Minor Support : 79.12 ( trend line joining 78.92 and 79.08). Minor resistance – 79.25 (21- HMA). The pair breaks below minor support and declined till 78.81 at the time of writing. CAD/JPY has slightly jumped from the lo…
Minor Support : 79.12 ( trend line joining 78.92 and 79.08).
Minor resistance – 79.25 (21- HMA).
The pair breaks below minor support and declined till 78.81 at the time of writing. CAD/JPY has slightly jumped from the low of 78.81. It is currently trading around 79.04.
On the lower side, the break below 79.01 (100- HMA) confirms slight weakness, a dip till 200- HMA (78.63) is possible.
Any break above minor resistance 79.25 will take the pair to next level till 79.60/80.
It is good to sell on rallies around 79.05-79.10 with SL around 79.25 for the TP of 78.55/78.
