FxWirePro: CAD/JPY trades below trend line support, good to sell on rallies

CAD/JPY has once broken trend line support 92.05 (trend line joining 88.69 and 90.61) and declined till 91.65. Short term trend is 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 91.85-90 with SL around 92.50 for the TP of 91/90.60