CADJPY approaching resistance, potential drop!
CADJPY is approaching our first resistance at 84.735 (Horizontal overlap resistance, 100% fiboancci extension, 61.8% fiboancci retracemenet) and a strong drop might occur pushing price down to our major support at 83.514 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and 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 (89, 5, 3) is also approaching resistance and 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.
Penafian
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