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Klimex

CADJPY approaching resistance, potential drop!

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Klimex Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CAD jpy CADUSD USDCAD USDJPY forexsignal forextrading forexanalysis
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trendanalysis harmonicpatterns chartpattern cad jpy cadusd usdcad usdjpy forexsignal forextrading forexanalysis
CADJPY is approaching our first resistance at 83.43 (50% Fibonacci retracement , 100% Fibonacci extension, horizontal pullback resistance )where we might see a drop in price to our first support at 81.34 ( 38.2% Fibonacci retracement , horizontal swing low support ).

Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.

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Comment:
*RSI (89) is also approaching resistance and we might see a corresponding drop in price should it react off this level
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