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FxWirePro- Woodies Pivot(Major) 
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 
- Major resistance – 151.40 (trend line joining 152.34 and 151.74, 233- H MA).
- GBP/JPY declined sharply after forming a temporary top at 153.41(Dec 8th 2017 high). The pair dipped till 150.83 and is currently trading around 151.15.
- UK CPI data came yesterday rose to 6 –year high at 3.1% but GBP declined after showing a minor recovery. Markets await UK jobs data to be released today for further direction.
- The near term major resistance is around 151.40 and any break above will take the pair to next level till 152/152.37/153. Overall bearish invalidation only above 153.40.
- On the lower side, support is around 150.78 and any break below will drag the pair to 150.16/149.75 (Dec 6th 2017 low).
It is good to buy above 151.40 with SL around 151 for the TP of 152.37/153.
