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FxWirePro: CAD/JPY faces strong support around 90, good to sell on rallies

Major support - 90.58 (28th Oct low) The pair has broken major support 90.58 and declined till 90.13. It is currently trading around 90.43 Short term trend is still weak as long as resistance 91.50 holds. On the downside…

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FxWirePro: CAD/JPY faces strong support around 90, good to sell on rallies
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  • Major support - 90.58 (28th Oct low)
     
  • The pair has broken major support 90.58 and declined till 90.13. It is currently trading around 90.43
     
  • Short term trend is still weak as long as resistance 91.50 holds. On the downside any break below 90 will drag the pair further down till 88.90/87.34.
     
  • The pair's minor resistance is around 90.80 and break above will take the pair till 91/91.50.

It is good to sell on rallies around 91 with SL around 91.50 for the TP of 90.20/88.90       

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