Major support - 84.61-84.85 (Trend line and 200 day MA)
CADJPY has shown very nice recovery from the Friday’s low of 85.05. The pair has jumped more than 50pips for the day. It hits high of 85.92 and has shown a minor dip. It has recovered sharply from trend line support of 84.61 and shown a good jump of 130 pips. It is currently trading around 85.75.
The pair is facing major resistance around 85.97-86 (55- day EMA) and any break above targets 86.40/87 is possible. The pair should break above 87 for further bullish continuation.
On the lower side, any violation below 84.60 confirms major trend reversal and a dip till 83.76/83 is likely.
It is good to buy on dips around 85.50-55 with SL around 85 for the TP of 87.


FxWirePro- Major Crypto levels and bias summary
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth 



