CADJPY approaching resistance, potential drop!
CADJPY is approaching our first resistance at 85.52 (horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 84.63 (61.8% Fiboancci extension).
RSI (89) has seen a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) has seen a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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