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- Harmonic Pattern Formed- Bullish Gartley pattern
- Potential Reversal Zone (PRZ) – 82.25
- CAD/JPY has completed its Bullish Gartley Pattern at 82.90. It is currently trading around 83.35 level.
- Short term trend is slightly bullish as long as support 82.25 holds. On the lower side any break below 82.25 will drag the pair down till 81.70/81. The minor support is around 82.90/82.50.
- The pair’s minor resistance is around 83.46 (23.6% retracement of 85.22 and 82.90) and break above targets 83.75 (21 day 4H MA)/84.35/85.45.
It is good to buy at dips around 83.10-15 with SL around 82.25 for the TP of 84.35/85
