CADJPY Approaching Resistance, Lookout For a Reversal
Price is approaching its major resistance at 83.829 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect a reversal, pushing price down to its support at 82.712 (50% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is at resistance at 97.9% where we expect to see a reversal.
Stochastic (55, 5, 3) is at resistance at 97.9% where we expect to see a reversal.