- Pattern formed: Bearish AB=CD.
- Potential Reversal Zone (PRZ) – 82.70.
- CAD/JPY has formed a Bearish AB= CD pattern in the four chart. The pair jumped till 82.68 and started to decline from that level. The pair formed ass minor bottom at 81.30 low formed on May 5th 2017. It will be acting as short term support and any break below targets 80.57.
- On lower side, major intraday support is around 82.25 (200- 4H MA) and any break below will drag the pair till 81.87 (38.2% retracement of 80.57 and 82.68)/81.30.
- The near term resistance is around 83.05 (55 – EMA) and any break above targets 83.45 (100 – EMA)/84.20.
It is good to sell on rallies around 82.45-82.50 with SL around 83.05 for the TP of 81.30/80.60.
Resistance
R1-82.70
R2 -83.05
R3- 83.45
Support
S1-82.25
S2-81.30
S3- 80.57


FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: USD/ZAR gains some ground, but downtrend remains
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD neutral in the near term, scope further downside 



