Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: CAD/JPY faces strong resistance around 93.25, good to sell on rallies

  • 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

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.