CADJPY Reversed Off Resistance, Potential For Further Drop
CADJPY reversed off its resistance at 85.19 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 84.68 (61.8% Fibonacci extensionx2, 38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (34, 5, 3) reversed off its resistance at 96% and there is bearish divergence with price where a further drop could occur.
Stochastic (34, 5, 3) reversed off its resistance at 96% and there is bearish divergence with price where a further drop could occur.
Penafian
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