FxWirePro: CAD/JPY upside capped by 7 day EMA, good to sell on rallies

• Major resistance -78
   
• The pair is consolidating in a narrow range between 76.98 and 77.56 for the past two trading session. It is currently trading around 77.49.
   
• On the lower side, minor support is around 77.35 and any violation below targets 76.98/76.15.
   
• The resistance is around 78 and any break above will take the pair to next level till 78.76 (daily Tenken-Sen)/79.55 (21 day MA).
   
• Short term trend reversal only above 82.60.

It is good to sell on rallies around 77.60-70 with SL around 78.10 for the TP of 76.98/76.20.