CADJPY approaching resistance, potential drop!

2018년 7월 31일

CADJPY is approaching our first resistance at 85.39 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 84.80 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding drop in price.
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