CADJPY Back to 50
This pair look overextended on the Higher Time Frames.
Price has been in consolidation for the last 12 weeks.
This is a consideration for a reversion to the mean.
IF we take the 50 period moving average and the 50 level Fibonacci, the 96.00 level seems appropriate.
Trade on chart
Price has been in consolidation for the last 12 weeks.
This is a consideration for a reversion to the mean.
IF we take the 50 period moving average and the 50 level Fibonacci, the 96.00 level seems appropriate.
Trade on chart
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