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

FibonacciMoving AveragesSupply and Demand

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