FxWirePro: CAD/JPY forms Gravestone Doji in the hourly chart, good to sell on rallies

• Candlestick Pattern Formed- Gravestone Doji.
   
• CAD/JPY breaks major resistance at 100 –day MA 79.30 and jumped till 79.66 at the time of writing. It is currently trading around 79.61.
   
• In the hourly chart, the pair has formed Gravestone doji and a slight dip till 79/78.58 (200- HMA) is possible.
   
• The major intraday support stands at 79.30 (hourly Kijun-Sen) and any break below targets 79/78.63.
   
• On the higher side, any break above high formed today at 79.66 will take the pair to next level at 80/80.31 in the short term.

It is good to sell on rallies around 79.60-79.65 with SL around 80 for the TP of 79/78.65