CADJPY broke key support, expect further drop!
Price is facing bearish pressure from our first resistance and Ichimoku cloud where we can expect a further drop to our first support level at 82.69 (horizontal pullback support, 61.8% Fibonacci retracement). RSI is also seeing a bearish exit.
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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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