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CADJPY approaching resistance, potential drop!

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Kanadensisk dollar/Japanska yen (FX:CADJPY)  
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FX:CADJPY   Kanadensisk dollar/Japanska yen
Trend Analysis Harmonic Patterns Chart Patterns CADJPY CAD jpy cadjpylong cadjpyshort Forex forextrading forexsignal
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trendanalysis harmonicpatterns chartpattern cadjpy cad jpy cadjpylong cadjpyshort forex forextrading forexsignal
CADJPY is approaching our first resistance at 84.735 (Horizontal overlap resistance, 100% fiboancci extension, 61.8% fiboancci retracemenet) and a strong drop might occur pushing price down to our major support at 83.514 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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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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