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CADJPY Reversed Off Resistance, Potential For Further Drop

Short
Canadian Dollar / Japanese Yen (FOREXCOM:CADJPY)  
ICmarkets Broker  
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CADJPY CAD jpy USD EUR chf NZD aud
39
3
trendanalysis harmonicpatterns chartpattern cadjpy cad jpy usd eur chf nzd aud
CADJPY reversed off its resistance at 85.50 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop further to its support at 84.99 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
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