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Klimex
Jan 4, 2019 3:25 AM

CADJPY Approaching Resistance, Potential Reversal Short

Canadian Dollar/Japanese YenFXCM

Description

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.
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