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FxWirePro: CAD/JPY faces strong support around 90, good to sell on rallies

  • Major support - 90.58 (28th Oct low)
     
  • The pair has broken major support 90.58 and declined till 90.13. It is currently trading around 90.43
     
  • Short term trend is still weak as long as resistance 91.50 holds. On the downside any break below 90 will drag the pair further down till 88.90/87.34.
     
  • The pair's minor resistance is around 90.80 and break above will take the pair till 91/91.50.

It is good to sell on rallies around 91 with SL around 91.50 for the TP of 90.20/88.90       

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