CADJPY Testing Resistance, Potential Reversal!
CADJPY is testing its resistance at 86.27 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 84.71 (61.8% Fibonacci retracement, horizontal overlap support) could occur.
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding drop could occur.
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding drop could occur.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.