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- CAD/JPY has made a high of 92.97 and started to retreat from that level. The pair is facing strong resistance around 93.25 and any bullishness can be seen only above 93.25.
- Any break above 93.25 will take the pair to new level 94/94.50 level. On the downside minor support is around 92.60 and break below targets 92.20/91.70.
- Overall trend reversal only above 93.25
It is good to sell on rallies around 92.80-85 with SL around 93.25 for the TP of 92/91.70
