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CADJPY Testing Resistance, Potential Reversal!

Oleh ICmarkets
Broker
CADJPY is testing its resistance at 86.27 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 84.71 (61.8% Fibonacci retracement, horizontal overlap support) could occur.
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding drop could occur.
CADCADJPYcadjpyshortChart PatternsForexforexsignalsHarmonic PatternsjpyTrend 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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