FxWirePro: CAD/JPY faces strong resistance at 86.30, good to buy at dips

• Major resistance – 86.30 (trend line joining 86.21 and 86.27)
   
• Major support - 84.50
   
• The pair has once again retreated after making a high of 86.29 on 23rd Mar 2016. It has declined till 84.56 and slightly recovered from that level. It is currently trading around 85.75.
   
• Short term trend is slightly weak as long as resistance 86.30 holds. Any break above 86.30 will take the pair to next level around 87.05/88 in short term.
   
• The pair’s minor support is around 85.40 and break below targets 84.50/84.10.

It is good to buy at dips around 85.75-85.80 with SL around 85 for the TP of  87.05/88.