Friday, October 16, 2026

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FxWirePro: CAD/JPY takes support near 91.60, good to sell on rallies

CAD/JPY has once again taken support around 91.60 and recovered from that level. Short term trend is still bearish as long as resistance 92.50 holds. The pair's short term resistance is around 92.50 and any break above w…

By Lis Howell
1 min read
FxWirePro: CAD/JPY takes support near 91.60, good to sell on rallies
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CAD/JPY has once again taken support around 91.60 and recovered from that level. Short term trend is still bearish as long as resistance 92.50 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 sell on rallies around 92-92.10 with SL around 92.50 for the TP of 91/90.60

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By FxWirePro Team