FxWirePro: CAD/JPY faces strong support at 82, good to buy at dips
Major Support – 82 CAD/JPY has recovered after making a low of 82.67.It is currently trading at 83.01. Short term trend is bullish as long as support 82 holds. On the downside, any break below 82 will drag the pair down …
CAD/JPY has recovered after making a low of 82.67.It is currently trading at 83.01.
Short term trend is bullish as long as support 82 holds. On the downside, any break below 82 will drag the pair down till 81.45/80.80 in the short term.
The pair’s resistance is around 83.60 and any violation above 83.60 targets 84.30/85 in the short term.
Overall trend reversal only above 85.50 level.
It is good to buy at dips around 82.65-82.70 with SL around 82 for the TP of 83.60/84.30
