Thursday, October 15, 2026

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CAD/JPY faces strong resistance around 83.60, break above targets 84.70/85.30

Pattern Formed -Cup and handle Major resistance -83.60 The pair has slightly retreated till 83.13 after making a high 83.595. It is currently trading around 83.52. Short term trend is bullish as long as support 82.80 hol…

By Lis Howell
1 min read
CAD/JPY faces strong resistance around 83.60, break above targets 84.70/85.30
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  • Pattern Formed -Cup and handle
     
  • Major resistance -83.60
     
  • The pair has slightly retreated till 83.13 after making a high 83.595. It is currently trading around 83.52.
     
  • Short term trend is bullish as long as support 82.80 holds.
     
  • On the higher side major resistance is around  83.60 and any break above targets 84.70/85.30.
     
  • Any break below major support 82.80 will drag the pair down till 82.30/82.

It is good to buy above 83.60 with SL around 82.80 for the TP of 84.70/85.30

 

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