Tickmill

CADJPY approaching resistance, potential drop!

Short
FX:CADJPY   Dollar canadien / Yen japonais
CADJPY is approaching our first resistance at 85.92 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where price might potentially drop to our major support at 85.18 (horizontal overlap support, 23.6% Fibonacci retracement).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price if it reacts off this level.
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