CADJPY DOWNSIDE POTENTIAL
CADJPY has recently formed a new low on the daily timeframe and we expect this pair to continue lower.
The 4hr timeframe highlights the key resistance in further detail. This resistance also holds
confluence with a 50% Fibonacci retracement. We will look for bearish price action at this resistance
with targets of the 127.2 extensions.
The 4hr timeframe highlights the key resistance in further detail. This resistance also holds
confluence with a 50% Fibonacci retracement. We will look for bearish price action at this resistance
with targets of the 127.2 extensions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.