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CADJPY approaching resistance, potential drop!

Oleh Tickmill
Broker
CADJPY is approaching our first resistance at 85.92 (horizontal overlap resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where price might potentially drop to our major support at 85.18 (horizontal overlap support, 23.6% Fibonacci retracement).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price if it reacts off this level.
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CADCADJPYcadjpylongcadjpyshortChart PatternsForexforexsignalsforextradingHarmonic PatternsjpyTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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