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CADJPY Testing Resistance, Potential Reversal

Oleh ICmarkets
Broker
CADJPY is testing its resistance at 82.12(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 79.66 (50% Fibonacci retracement) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop may occur.
CADCADJPYcadjpylongcadjpyshortChart PatternsForexforexsignalforextradingHarmonic 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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