CADJPY approaching resistance, potential drop!

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Dolar Kanada / Yen Jepun (FX:CADJPY)

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FX:CADJPY Dolar Kanada / Yen Jepun

trendanalysis harmonicpatterns chartpattern cad jpy cadusd usdcad usdjpy forexsignal forextrading forexanalysis

CADJPY is approaching our first resistance at 83.43 (50% Fibonacci retracement , 100% Fibonacci extension, horizontal pullback resistance )where we might see a drop in price to our first support at 81.34 ( 38.2% Fibonacci retracement , horizontal swing low support ).

Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.

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Komen:

*RSI (89) is also approaching resistance and we might see a corresponding drop in price should it react off this level

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