Klimex

CADJPY Approaching Resistance, Potential Reversal

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is approaching its resistance at 80.62 (23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 78.75 (61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (21, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.