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Klimex

CADJPY is Approaching Resistance, Prepare for Further Drop

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Klimex  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CAD jpy CADJPY forexsignals
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trendanalysis harmonicpatterns chartpattern cad jpy cadjpy forexsignals



CADJPY is approaching its resistance at 84.04(100% Fibonacci extension ,61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 82.80(50% Fibonacci retracement, horizontal overlap support).

Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.


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