FxWirePro: CAD/JPY faces strong support at 82, good to buy at dips

• Major Support – 82
   
• CAD/JPY has recovered after making a low of 82.67.It is currently trading at 83.01.
   
• Short term trend is bullish as long as support 82 holds. On the downside, any break below 82 will drag the pair down till 81.45/80.80 in the short term.
   
• The pair’s resistance is around 83.60 and any violation above 83.60 targets 84.30/85 in the short term.
   
• Overall trend reversal only above 85.50 level.

It is good to buy at dips around 82.65-82.70 with SL around 82 for the TP of 83.60/84.30