Thursday, October 15, 2026

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FxWirePro: CAD/JPY faces strong support at 200 day 4HMA, good to sell on rallies

Major support: 84.65 (200 day MA) Major resistance -85.75 (Tenken-Sen) The pair has taken support near 200 day MA and slightly recovered from that level. Short term trend is bearish as long as resistance 85.75 holds. On …

By Lis Howell
1 min read
FxWirePro: CAD/JPY faces strong support at 200 day 4HMA, good to sell on rallies
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  • Major support: 84.65 (200 day MA)
     
  • Major resistance -85.75 (Tenken-Sen)
     
  • The pair has taken support near 200 day MA and slightly recovered from that level. Short term trend is bearish as long as resistance 85.75 holds.
     
  • On the higher side minor resistance is around 85.30. Any break below major support 84.65 will drag the pair down till 84/83.75 level.
     
  • Stoch RSI -Oversold

It is good to sell on rallies around 85.30 with SL 85.75 for the TP of 84.65/84

 

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By FxWirePro Team