CAD/JPY Intraday trade and technical setup

FX:CADJPY   Canadian Dollar / Japanese Yen
65 0 5
Major support – 77.95 (hourly Kijun-Sen)

The pair has broken major resistance 78.45 and jumped from that level. It is currently trading around 78.67.

CAD/JPY             is trading slightly above Tenkan-Sen (78.43) and Kijun-Sen (77.95). So slight jump till 79.95 is possible.

On the lower side major support is around 77.95 and nay break below targets 77.50/77/76.85.

The decline from 83.81 and 76.12 will come to an end only if the pair closes above 80.The minor resistance is around 78.75 and any minor break above targets 79.26/79.60.

It is good to buy at dips around 78.65-78.70 with SL around 78 for the TP of 79.55/79.95
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