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CADJPY approaching resistance, potential drop!

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
easyMarkets Broker  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CADJPY CAD jpy cadjpylong cadjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern cadjpy cad jpy cadjpylong cadjpyshort forex forextrading forexsignals
CADJPY is approaching resistance at 89.30 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 87.49 (horizontal pullback support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is approaching resistance and we might see a corresponding drop in price should it react off this level.
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