FxWirePro: CAD/JPY Trade Idea

• Major intraday resistance- 87.67.
   
• Major support – 86.87 (200- HMA).
   
• CAD/JPY breaks the major resistance 87.67 and jumped till 88.14 at the time of writing. It is currently trading around 88.01.
   
• The intraday trend is slightly bullish as long as support 86.87 (200- HMA) holds.
   
• On the higher side, any break above 87.67 will take the pair to next level till 88.25 (20th Decd 2016 high)/88.90 (15th Dec 2016 high).
   
• The minor support of the pair stands at 87.29 and any violation below will drag the pair down till 86.87/86.
  
  It is good to buy on dips around 87.70-75 with SL around 87.28 for the TP of 88.25/88.90

Resistance                                              R1-88.30

R2-89

R3- 90

Support      

S1-87.29

S2-86.85

S3- 86