CADJPY testing major resistance!
Price is now testing major resistance at 87.81 (23.6% Fibonacci retracement, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this price. Our next major level of resistance is at 88.01 (Fibonacci retracement) and our next major level of support is at 87.34 (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance at 99% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,3,1) is seeing major resistance at 99% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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