18.11.201615:36 Forex Analysis & Reviews: Technical analysis of CAD/JPY for November 18, 2016

Long-term review

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According to our previous analysis, after breaking above the 81.40 resistance, CAD/JPY is yet to test the next upside target at 82.55. Currently it is trading near 261.8% Fibs which could act as support and provide a good entry point to go long.

Consider buying CAD/JPY at the current price (81.40) targeting 82.55. Suggested stop loss is 80.50.

Support:81.40, 80.30

Resistance: 82.55

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