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CAD/JPY takes support near trend line support, jump till 93.25 is possible

  • CAD/JPY has recovered till 92.67 at the time of writing and declined till 91.78. It is currently trading around 92.60
     
  • The pair's minor resistance is around 92.70 and any break above will take the pair till 93/93.25.
     
  • Overall trend reversal only above 93.25 level.
     
  • On the downside major support is around 91.60 and break below targets 91/90.60.

It is good to buy at dips around 92.15-20 with SL around 91.60 for the TP of 93.25

 

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