CADJPY is approaching resistance, potential for a drop!
CADJPY is approaching its resistance at 82.358 (100% Fibonacci extension, 61.8% Fibonacci retracement) where price could react off and potentially fall to its 1st support at 81.796 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support), if it breaks past this level, it could fall to its next support at 80.908 (100% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96.6% where a corresponding reaction could occur.
Stochastic (55, 5, 3) is approaching its resistance at 96.6% where a corresponding reaction could occur.
Trade closed: target reached
woohoo! dropped nicely to our 1st support target!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.