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- Major support – 77.75 (trend line joining 77.34 and 77.60)
- Major resistance -78.26 (21- 4H MA)
- CAD/JPY breaks major support 77.75 and declined till 77.37 at the time of writing . It is currently trading around 77.48.
- Any break below 77.75 will drag the pair down till 77 (61.8% retracement of 75.40 and 79.66)/76/75.40 (Sep 26th low).
- The minor resistance is around 77.88 (200- 4 H MA) and any break above targets 78.26 (21- 4H MA)/ 78.54.
It is good to sell on rallies around 77.75-77.80 with SL around 78.25 for the TP of 76/75.45
