CAD/JPY trades well above 81, jump till 83/83.80 likely

• Major resistance – 81 (trend line joining 79.95 and 80.80)
   
• Major support – 80.47 (Hourly Kijun-Sen)
   
• The pair has broken major resistance 81 and jumped till 81.92 at the time of writing. It is currently trading around 81.90.
   
• Short term trend is bullish as long as support 80.47 holds.
   
• Any break below 80.47 will drag the pair down till 79.95/79.45 in the short term.
   
• On the higher side, major resistance is around 82 and any break above targets 83/83.80.
   
• Short term weakness only below 79.45.

It is good to buy at dips around 81.50 with SL around 80.47 for the TP of 83/83.75