CADJPY – We can expect retracement from that bearish momentum

CADJPY – We can expect retracement from that bearish momentum

Trend: Sell/ Neutral

Support/Resistance:
R3: 84.332
R2: 82.244
R1: 81.480
S1: 80.251
S2: 78.879

Price action:
CADJPY currency pair closed bellow very important resistance level. If price will break that level then Sell will continue. First we can expect price to get higher to first resistance level at 81.480 then, Selllers might continue their way to Lower Low.

Potencial trade idea:

Bulls targets:
T1: 81.480
T2: 82.244

Bears targets:
T1: 78.879

NOTE – We are trading CADJPY via the preferred trading setups