Cad/Jpy

CAD/JPY = BULLISH

Support 1 = 83.53
Support 2 = 83.32
Support 3 = 83.04
Resistance 1 = 83.78
Resistance 2 = 83.95
Resistance 3 = 84.21

Cad/Jpy not cross the up price level 82.50, it means that Cad/Jpy pair today in selling and i recommend that trader place the sell in Cad/Jpy 82.00 - 82.50 and use of take profit at 80 to 120 pips point mean use tp at 81.00 - 80.70 and use stop loss price 82.50, I recommend today place sell order in Cad/Jpy and make good earning profit in Cad/Jpy pair trade positions.

CADJPY Today Analysis

Market Trend BULLISH

Pivot Point 83.32

S 1 >>>>> 82.74

S 2 >>>>> 82.39

S 3 >>>>> 81.45

R 1 >>>>> 83.67

R 2 >>>>> 84.25

R 3 >>>>> 85.18

CAD/JPY EXCHANGE RATE
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CAD/JPY is the abbreviation for the Canadian Dollar and Japanese Yen pair. It shows how much the CAD (base currency) is worth as measured against the JPY (counter currency). For example, CAD/JPY = 82.98 indicates that one Canadian Dollar can buy 82.98 Japanese Yens.

CADJPY Trends to bullish

1 Resistance 83.67
2 Resistance 83.81
3 Resistance 84.15

1 Supporting 83.17
2 Supporting 82.91
3 Supporting 82.63

Calculation For Trading:

Resistance Level (R1): 84.205
Resistance Level (R2): 83.957
Resistance Level (R3): 83.460

Pivot Point: 83.212

Support Level (S1): 82.715
Support Level (S2): 82.467
Support Level (S3): 81.970

CADJPY
Market trends <>BUY

Resistance<> 83.69
Resistance<> 83.80
Resistance<> 84.17

Supporting<> 83.15
Supporting<> 82.90
Supporting<> 82.65

CAD/JPY = BULLISH

Support 1 = 83.53
Support 2 = 83.32
Support 3 = 83.04
Resistance 1 = 83.78
Resistance 2 = 83.95
Resistance 3 = 84.21

The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.

Today has been a strong day for the dollar with both CAD and JPY selling off in the US session.

CAD performed slightly better overall on the day as oil has pushed higher after some OPEC comments.
Later we do get the latest API inventory figures so we could expect some volatility.
JPY has suffered today as the risk environment turned positive and USD/JPY rose 0.50%.