CAD/JPY breaks trend line support at 86.85, declined till 85.95/84 likely

• Major Support – 113.35
   
• Major resistance – 115.50
   
• CHF/JPY breaks major support at 113.35 and declined till 112.56. It is currently trading around 112.82.
   
• Any violation below 113.35 will drag the pair down till 110.25/107 in the short term.
   
• Short term bullishness can be seen only above 115.50.
   
• The decline from 134.61 till 101.73 will come to end if pair break s above 115.50 level. Any break above 115.50 will take the pair till 117.40 (Mar 2016 high)/118.12 (50% retracement of 134.60 and 102.07).the minor resistance 114.25/115.
  
  It is good to sell on rallies around 113.30-113.40 with SL around 115.51 with SL around 110.30/107

Resistance                                                                         

R1-115.50

R2-117.40

R3- 118.10

Support      

S1-112.50

S2-110.25

S3- 107