- CAD/JPY breaks short term trend line support 90.25 (trend line joining 89.94 and 90.09) and declined till 89.44. Overall trend is weak as long as resistance 91 holds.
- On the higher side major resistance is around 90.50 and any break above will take the pair further up till 91/91.45
- On the lower side minor support is around 89.95 and break below would extend losses till 89.25/88.75 in short term.
- Overall bearish invalidation only above 92.40 level.
It is good to sell on rallies around 90.40-45 with SL around 91 for the TP of 88.75
The material has been provided by InstaForex Company – www.instaforex.com