CAD/JPY faces resistance at 86.50, break above targets 89

FX:CADJPY   Canadian Dollar / Japanese Yen
90 0 6
Major resistance – 86.50 ( trend line joining 85.76 and 86.13)

Major support – 85

The pair has retreated once again after making a high of 86.22. it is currently trading around 85.65.

The pair is facing strong resistance around 86.50 and any break above will take the pair next level 87.55/89.10.

On the lower side minor support is around 85.40 and break below targets 85/84.60/84.10.

Short term weakness can be seen only below 84 level.

It is good to buy above 86.50 with SL around 85.40 for the TP of 87.55/89.10
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