CADJPY approaching resistance, potential reversal!
CADJPY is approaching its resistance at 84.94 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential react could occur, causing price to fall to its support at 80.58 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reaction could occur.
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reaction could occur.
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Disclaimer
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.