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CAD/JPY has once again retreated after making a high of 93.07. It is currently trading around 92.35. It is facing strong resistance around 93.25 (Oct 9th high). Short term trend reversal only above 93.25.
- The pair's major resistance is around 93.25 and any break above will take the pair till 94/95.
- On the downside minor support is around 92.50 and break below targets 92/91.60
It is good to sell on rallies around 92.70-75 with SL around 93.25 for the TP of 91.60
