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CADJPY Approaching Resistance, Potential Reversal!

Oleh ICmarkets
Broker
CADJPY is approaching its resistance at 83.336(100% Fibonacci extension , horizontal pullback resistance, 61.8% Fibonacci retracement) where it could reverse down to its support at 82.701 (38.2%Fibonacci retracement , horizontal pullback support).

Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.

CADCADJPYChart PatternsforexsignalsHarmonic 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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