ICmarkets

CADJPY is approaching its resistance, potential reversal!

Short
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is approaching its resistance at 85.24 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where price could react off and fall to its support at 83.17 (61.8% Fibonacci retirement, horizontal overlap support).

Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.

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