CADJPY approaching resistance, potential drop!
CADJPY is approaching our first resistance at 82.23 (horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 80.06 (50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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