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CADJPY broke out of support, further potential drop!

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Canadian Dollar / Japanese Yen (FX:CADJPY)  
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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 broke out of its short term ascending support line and is testing our first resistance at 85.13 (horizontal overlap resistance) and a strong reaction might occur below this level pushing price down to our major support at 80.58 (horizontal swing low support).
RSI is also seeing a bearish exit and Ichimoku cloud is showing signs of bearish pressure, in line with our bearish bias.
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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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