CAD/JPY faces strong resistance at 83.75, break above targets 86.20

• Major resistance - 83.75 (trend line joining 87.04 and 86.21)
   
• The pair has made a high of 83.50 and slightly retreated from that level. It is currently trading around 83.42.
   
• On the higher side major resistance is around 83.75 and any break above confirms minor trend reversal, a jump till 84.50/86.20 is possible.
   
• Minor weakness can be seen only below 82.78 and break below targets 82/81.38.

It is good to buy above 83.75 with SL around 83.40 for the TP of 84.50/86.20