CADJPY approaching resistance, potential drop!
Price is approaching our first resistance at 86.21 (61.8% Fibonacci extension , horizontal swing high resistance) where price might drop to its support at 85.35 (61.8% Fibonacci extension , 50%, 23.6% Fibonacci retracement , horizontal pullback support).
Stochastic (89,5, 3) is approaching its resistance where we might see a corresponding drop in price.
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 approaching its resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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