SamiBukhari

CADJPY Pull Back Long from 80.55-70

Long
OANDA:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is droping sharply. RSI is going towards over sold point, and by the time the pair hits its daily support at 80.55-70, it will be over stretched as well (1.618 Fib Extension). Bounce expected from that point to about 0.38% of Fib Retracement which is 82.40.
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