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Canadian Dollar / Japanese Yen
Short

CADJPY Reversed Off Resistance, Potential For Further Drop

By ICmarkets
Broker
CADJPY reversed off its resistance at 80.67 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further to its support at 78.30 (horizontal swing low support).

Stochastic (21, 5, 3) reversed off near its resistance at 94% where a corresponding drop could occur.
audCADCADJPYChart PatternschfEURGBPHarmonic PatternsjpyNZDTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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