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CAD/JPY breaks minor trend line resistance at 87.67, targets 88.60
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FxWire Pro - Technicals
Wednesday, 11 Jan, 2017 10:53:41 GMT
Minor trend line resistance - 87.67 (trend line joining 88.22 and 87.87)
Major intraday support – 87.40 (trend line joining 85.96 and 87.41)
CAD/JPY breaks minor trend line resistance at 87.67 and jumped slightly till 87.79 from that level .It is currently trading around 87.77.
Any break above 87.67 confirms minor trend reversal, a jump till 88.22/88.65 (Jan 9th 2017 high).O nthe lower side, any break below 87.40 will drag the pair till 87/85.95 (Dec 29th 2016 low).
It is good to buy on dips around 87.70 with SL around 87.40 for the TP of 88.24/88.60
Source: FxWire Pro - Technicals
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