CADJPY facing bearish pressure | 16th Apr 2021

16 apr 2021

Prices are facing bearish pressure from horizontal swing high resistance, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push down towards horizontal swing low support, in line with 78.6% Fibonacci extension . If prices push higher, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Stochastics is also facing resistance from 92.82 level, potential for pullback, in line with our analysis.