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CADJPY testing major resistance, prepare for a potential reversa

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Tickmill Broker  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CADJPY cadjpyshort cadjpylong cadjpyanalysis cadjpytrade cadjpysell cadjpybuy cadjpyforecast cadjpysetup
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trendanalysis harmonicpatterns chartpattern cadjpy cadjpyshort cadjpylong cadjpyanalysis cadjpytrade cadjpysell cadjpybuy cadjpyforecast cadjpysetup

CADJPY is testing major resistance at 86.26 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance, pullback to descending resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 85.86 (Fibonacci retracement, horizontal overlap support).
RSI (55) sees descending resistance line provide corresponding intermediate resistance.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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