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Major support - 84.61-84.85 (Trend line and 200 day MA)
CADJPY has slightly halted its 3 day of weakness. The pair has declined more than 150 pips from minor top of 86.35 level. The pair hits low of 84.61 and shown a minor jump till 84.90 level .it is currently trading around 84.83.
The pair has taken support near long term trend line and a good jump till 85.97-86.05 (89- day EMA and 55 day EMA) is possible.
On the lower side, any violation below 84.60 confirms major trend reversal and a dip till 83.76/83 is likely.
It is good to buy on dips around 84.75-80 with SL around 84.50 for the TP of 85.97/86.05.
