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Short

CAD/JPY Short term Outlook

FX:CADJPY   Canadian Dollar/Japanese Yen
79 0 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

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