CAD/JPY faces strong resistance around 86.50, break above targets 87.50/89

• Major resistance – 86.50 (trend line joining 85.76 and 86.13)
   
• Major support – 85
   
• The pair has retreated once again after making a high of 86.22. it is currently trading around 85.65.
   
• The pair is facing strong resistance around 86.50 and any break above will take the pair next level 87.55/89.10.
   
• On the lower side minor support is around 85.40 and break below targets 85/84.60/84.10.
   
• Short term weakness can be seen only below 84 level.

It is good to buy above 86.50 with SL around 85.40 for the TP of 87.55/89.10