CADJPY Will Go Down From Resistance! Short!

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Here is our detailed technical review for CADJPY.

Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 108.351.

Considering the today's price action, probabilities will be high to see a movement to 108.001.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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أغلقت الصفقة: تم الوصول للهدف

That was an excellent trade and the target was reached too!