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FX.co ★ CADJPY reversing from 1st resistance, drop coming!

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Forex Analysis

6 August 2021 at 8:59AM (UTC+0)
iconRelevance until7 August 2021 at 8:59AM (UTC+0)

CADJPY reversing from 1st resistance, drop coming!

Price is reversing from the 1st resistance at 87.870 at 78.6% Fibonacci retracement and 100% Fibonacci extension and towards 1st support at 86.577 in line with 78.6% Fibonacci extension. Otherwise price may rise to 2nd resistance at 88.296.

CADJPY reversing from 1st resistance, drop coming!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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