CADJPY reversed from resistance, potential drop!
CADJPY reversed off its resistance at 83.180 where it could potentially drop further to 81.885.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Cadjpysell
ANALYSIS ON CADJPY - NEXT COUPLE OF DAYSANALYSIS ON CADJPY.
Welcome to my analysis
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1 Hour CHart
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Interesting Point of interest In the CADJPY pair.
- Price above the 200 day EMA.
- Watch top for Sell.
- Expecting more downward momentum.
- Watch for breakout to the downside.
- MACD showing bearish divergence
Stay Tuned
CADJPY approaching support, potential for a bounce!
CADJPY is expected to drop to 1st support at 79.800 where it could potentially react off and up to 1st resistance at 80.791.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CADJPY approaching support, potential for a bounce!
CADJPY is expected to drop to 1st support at 79.800 where it could potentially react off and up to 1st resistance at 80.791.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CADJPY reversed from resistance, potential drop!
CADJPY reversed off its resistance at 81.685 where it could potentially drop further to 80.900.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CADJPY reversed from resistance, potential drop!
CADJPY reversed off its resistance at 81.685 where it could potentially drop further to 80.900.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CADJPY reversed from resistance, potential drop!
CADJPY reversed off its resistance at 81.000 where it could potentially drop further to 80.250.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CADJPY reversed from resistance, potential drop!
CADJPY reversed off its resistance at 80.900 where it could potentially drop further to 80.250.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CADJPY reversed from resistance, potential drop!
CADJPY reversed off its resistance at 81.38 where it could potentially drop further to 80.250.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CADJPY reversed from resistance, potential drop!
CADJPY reversed off its resistance at 81.685 where it could potentially drop further to 80.250.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CADJPY approaching resistance, look out for potential reversal!
CADJPY is approaching its resistance at 81.717 where it is could reverse down to its support at 80.250.
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Losses can exceed the initial investment so please ensure you fully
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say we expect price to rise up to 1st resistance where it could potentially react off and drop down to 1st support