CADJPY approaching resistance, potential drop!
NZDJPY is approaching our first resistance at 85.48 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 84.86 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our major resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching our major resistance where we might see a corresponding drop in price should it react off this level.
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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