CAD/JPY: Buy above breakout

• Major resistance- 82.52 (Jul 15th 2016 high)
   
• Major support – 81.60 (4H Kijun-Sen)
   
• The pair has made a high of 82.27 at the time of writing and slightly declined from that level . it is currently trading around 82.20.
   
• CAD/JPY formed a temporary top around 82.52 and any bullishness only above that level. The break above 82.51 will take the pair to next level till 83.80/84.60.
   
• On the lower side, major support is around 81.60 and any violation below targets 81.15/80.75 (200 4H MA) in the short term.

It is good to buy above 82.51 with SL around 81.60 for the TP of 84.60