FxWirePro
Short

CAD/JPY faces resistance around 86.25, good to sell on rallies

FX:CADJPY   Canadian Dollar/Japanese Yen
151 2 6
Major resistance – 86.25 ( trend line joining 85.76 and 86.13)

Major Support – 84.50

CAD/JPY             has retreated after making a high of 86.25. It is currently trading around 85.68.

CAD/JPY             faces strong resistance around 86.25 and break above confirms minor trend reversal, a jump till 87.05/88.04/89.13 in short term.

On the lower side minor support is around 85.50 and break below targets 84.50/84.10/83.60 in short term.

Short term trend reversal only below 82.50.

It is good to sell on rallies around 85.70-75 with SL around 86.25 for the TP of 84.50/83.60

Nicely in profit.Well done. Reached your target if indeed your TL was your target. Are you still in the trade?
Reply
Square off ur position
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out