CADJPY approaching resistance, potential drop!
CADJPY is approaching our first resistance at 81.98 (Horizontal swing high resistance, 61.8%, 78.6% Fibonacci retracement, 100%, 61.8% fiboancci extension, Descending channel's resistance) and a strong drop might occur below this level pushing price down to our major support at 81.59 (61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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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