Technicals

Add as a preferred source on Google

FxWirePro: CAD/JPY takes support around 91.60, good to buy at dips

CAD/JPY has broken minor trend line resistance 92.05 (trend line joining 93.09 and 92.28) and jumped till 92.62 from that level. Short term trend is bullish as long as support 91.60 holds The pair's short term resistance…

1 min read
FxWirePro: CAD/JPY takes support around 91.60, good to buy at dips
Image from the original EconoTimes article
  • CAD/JPY has broken minor trend line resistance 92.05 (trend line joining 93.09 and 92.28) and jumped till 92.62 from that level. Short term trend is bullish as long as support 91.60 holds
     
  • The pair's short term resistance is around 92.50 and any break above will take the pair till 93/93.25.
     
  • On the downside major support is around 91.60 and break below targets 90.70

It is good to buy at dips around 92-92.10 with SL around 91.60 for the TP of 93/93.25

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560