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- 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
