FxWirePro

CAD/JPY Short term Outlook

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
0
CAD/JPY is trading near major support level 101.80 ( trend line joining 92.88 and 99.12) and any break below will take the pair to 99.12/98.03 ( 61.8% retracement of 106.28 and 92.88).
On the upside minor resistance is around 101.50 and any break above will target 101.90/102.30.

Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell CAD/JPY around 100.85-90, SL 101.50, Target 99.70/99.12