CADJPY testing major resistance, potential drop!
CADJPY is testing major resistance at 85.04 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to push prices all the way down to major support at 83.12 (Fibonacci extension, horizontal swing low support).
Stochastic (89,5,3) is seeing major resistance at 94% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is seeing major resistance at 94% where a corresponding reaction could occur.
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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