CADJPY is approaching resistance, potential for a drop!

CADJPY is approaching its resistance at 82.358 (100% Fibonacci extension, 61.8% Fibonacci retracement) where price could react off and potentially fall to its 1st support at 81.796 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support), if it breaks past this level, it could fall to its next support at 80.908 (100% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96.6% where a corresponding reaction could occur.
Stochastic (55, 5, 3) is approaching its resistance at 96.6% where a corresponding reaction could occur.
Trade chiuso: obiettivo raggiunto
woohoo! dropped nicely to our 1st support target!IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.