FxWirePro: CAD/JPY upside capped by 3 EMA, good to sell on rallies

• Major resistance – 78.98 (3 day EMA)
   
• Major support – 76 (Jun 24th 2016 low)
   
• The pair has recovered from the low of 77.11 made today morning and jumped till 77.81 at the time of writing.
   
• It is currently trading around 77.72. The decline from 83.81 to 76.12 will come to an end only if closes above 80 level.
   
• The pair should close above 80 for further bullishness.
   
• On the lower side, any break below 77.10 will drag the pair down till 76.10/75.86.

It is good to sell on rallies around 78.35-78.40 with SL around 79 for the TP of  77.10/75.90.