CAD/JPY trades below short term support 90, decline till 88.75 is possible
CAD/JPY breaks short term trend line support 90.25 (trend line joining 89.94 and 90.09) and declined till 89.44. Overall trend is weak as long as resistance 91 holds. On the higher side major resistance is around 90.50 a…
CAD/JPY breaks short term trend line support 90.25 (trend line joining 89.94 and 90.09) and declined till 89.44. Overall trend is weak as long as resistance 91 holds.
On the higher side major resistance is around 90.50 and any break above will take the pair further up till 91/91.45
On the lower side minor support is around 89.95 and break below would extend losses till 89.25/88.75 in short term.
Overall bearish invalidation only above 92.40 level.
It is good to sell on rallies around 90.40-45 with SL around 91 for the TP of 88.75
