CAD/JPY has halted its bullishness after hitting high of 86.06 yesterday. The pair jumped almost more than 200 pips from this week low of 83.89. The yen was trading slightly higher against all majors on account geo polit…
CAD/JPY has halted its bullishness after hitting high of 86.06 yesterday. The pair jumped almost more than 200 pips from this week low of 83.89. The yen was trading slightly higher against all majors on account geo political tensions in Middle east. USDJPY declined more than 50 pips from the high of 110.02 made yesterday.
The pair’s major near term resistance is around 86.05 and any break above will take the pair 87.15/87.80.
The major support is at 85.40 and any break below will drag the 85/84.40/83.89.
It is good to buy on dips around 85.70-75 with SL around 85.40 for the TP of 86.45/87.15.
