• Major support – 81.50 (trend line joining 75.49 and 80.57).
   
• CAD/JPY formed minor top at 83.75 after making a low of 80.57 on Apr 21st 2017 low. The pair is showing a decline for two consecutive days and also broken major trend line support at 81.45. It is currently trading around 80.89.
   
• JPY is trading higher against all other majors on account of political uncertainty in U.S. Technically the pair has closed slightly below trend line support in the four hour chart and also trading well below Tenkan-Sen (82.17) and Kijun-Sen (82.36) and this confirms minor weakness a decline till 80.20 (61.8% retracement of 74.81 and 88.92)/ 78.30.
   
• On the higher side, the decline from 88.92 will come to end if the pair jumps slightly above 83.75. Any break above 83.75 will take the pair to next level till 85. The minor resistance is around 81.37/82.60.
  
  It is good to sell on rallies around 81.40 with SL around 82.60 for the TP of 80.20/78.30