CADJPY is approaching its resistance at 84.94 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential react could occur, causing price to fall to its support at 80.58 (horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reaction could occur.
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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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