CAD/JPY break major resistance at 83.60, targets 84.70
Pattern Formed –Cup and handle
Major resistance -83.60
The pair has slightly retreated till 83.13 after making a high 83.595. It is currently trading around 83.52.
Short term trend is bullish as long as support 82.80 holds.
On the higher side major resistance is around 83.60 and any break above targets 84.70/85.30.
Any break below major support 82.80 will drag the pair down till 82.30/82.
It is good to buy above 83.60 with SL around 82.80 for the TP of 84.70/85.30
Major resistance -83.60
The pair has slightly retreated till 83.13 after making a high 83.595. It is currently trading around 83.52.
Short term trend is bullish as long as support 82.80 holds.
On the higher side major resistance is around 83.60 and any break above targets 84.70/85.30.
Any break below major support 82.80 will drag the pair down till 82.30/82.
It is good to buy above 83.60 with SL around 82.80 for the TP of 84.70/85.30