FxWirePro: CAD/JPY faces strong resistance around 92.50, good to sell on rallies

CAD/JPY has once again made a low of 91.62 and recovered till 92.35 at the time of writing from that level. Short term trend is still bearish as long as resistance 92.50 holds.

• The pair's short term resistance is around 92.50 and any break above will take the pair till 93/93.25.
   
• On the downside major support is around 91.60 and break below targets 90.70

It is good to sell on rallies around 92-92.10 with SL around 92.50 for the TP of 91/90.60.