CADJPY facing bearish pressure | 7th June 2021

Price is facing bearish pressure from 61.8% Fibonacci extension and 78.6% Fibonacci retracement Fibonacci confluence area. Prices might push down towards horizontal pullback support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . If prices push up, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement . EMA is also above prices, showing a bearish pressure for prices.

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