ICmarkets

CADJPY Approaching Resistance, Potential Reversal!

Short
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is approaching resistance at 85.90 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback resistance) where it could reverse down to its support at 83.78 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approachign its resistance at 99% where a corresponding reversal.

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