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Klimex
Jan 10, 2019 3:30 AM

CADJPY Reversed Off Resistance, Potential For A Further Drop Short

Canadian Dollar/Japanese YenFXCM

Description

CADJPY reversed off its resistance at 82.26 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further to its support at 79.36 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal swing low support).

Stochastic (55, 5, 3) reversed off its resistance at 99% where a further drop could occur.
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