CADJPY: Important Level To Watch...
From my chart, we can see that that price is currently at a resistance level @81.50 price level without any form of clean breakout to the BULLISH side. As of now, I am leaning towards seeing a potential rejection from here. Crucial to see a nice BEARISH candle tomorrow to confirm our stance of a potential fakeout from 1.618 fib level as well. I will be seeing a possible BEARISH movement to the support level @80.40. Remember to observe this trade if you plan to enter.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
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