CAD/JPY: Possible 250 Pip Trade

The rate is currently bouncing lower from the two-and-a-half-year long falling trendline resistance just below a major old support/new resistance area.

I am looking to short the pair to target the rising trendline support around 81.70 and possibly the current support base area (80.50-81.20)

The stops should be based above the weekly high above 84.55.

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