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CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
- Pattern Formed –Shooting Star
- Potential Reversal Zone – 1.1620
- The pair has retreated after making a high of 1.16161 yesterday. It is currently trading around 1.14890.
- Short term trend is slightly bearish as long as resistance 1.16200 holds.
- On the higher side minor resistance is around 1.1550 and any indicative break above 1.155 will take the pair to next level till 1.1600/1.16200.
- EUR/USD short term support is around 1.1450 and break below targets 1.1370/1.13300/1.12700.
It is good to sell on rallies around 1.1535-1.1540 with SL 1.1620 for the TP of 1.13700/1.1275.
R1-1.1550
R2-1.1600
R3-1.1620
Support
S1-1.1450
S2-1.1370
S3-1.1330
