CADJPY Approaching Resistance, Potential Reversal
CADJPY is approaching its resistance at 85.199 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 84.41 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is may occur.
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is may occur.
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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.