CAD/JPY faces strong resistance at 86.50, break above targets 88/89.50

• Major resistance – 86.50
   
• Major support - 84.50
   
• The pair has once again retreated after making a high of 86.49 yesterday. It has declined till 85.80 and slightly recovered from that level. It is currently trading around 86.32.
   
• Short term trend is slightly bullish as long as support 85.30 holds. Any break above major resistance  86.50 will take the pair to next level around 87.05/88/89.50 in short term.
   
• The pair’s major support is around 85.30 and break below targets 84.50/84.10.
   

It is good to buy above 86.50 with SL around 85 for the TP of 88/89.50