CAD/JPY breaks short term trend line support, targets 89.25
CAD/JPY breaks short term trend line support 90.25 (trend line joining 89.94 and 90.09) and this confirms short term weakness , decline till 89.25/88.75 cannot be ruled out .
On the higher side major resistance is around 90.80 and nay break above will take the pair further up till 91.45/92.
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 90.85 for the TP of 89.25
On the higher side major resistance is around 90.80 and nay break above will take the pair further up till 91.45/92.
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 90.85 for the TP of 89.25