CADJPY Approaching Resistance, Potential Reversal!
CADJPY is approaching its resistance at 82.62 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 81.80 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
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