CADJPY Reversed Off Resistance, Potential For Further Drop
CADJPY reversed off its resistance at 85.45 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 84.70(50% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur. A bearish divergence has also been identified that contributes to our bearish bias.
Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur. A bearish divergence has also been identified that contributes to our bearish bias.
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