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CADJPY is trading higher for the day and jumped nearly 70 pips after taking support near 300-H EMA. The JPY was trading lower against all majors in European session after a sudden recovery in UK and Germany stock markets. The pair hits high of 82.97 and is currently trading around 82.93..
On the higher side, any break above 83 confirms minor bullishness and a jump till 83.95/84.40/85.
The near term support is around 82.50 (55- H EMA) and any violation below targets 82.25 (300-H EMA)/81.70/81.20.
It is good to buy on dips around 82.75-80 with SL around 82.25 for the TP of 83.90/84.40.
