CADJPY facing bearish pressure | 16th Apr 2021
Prices are facing bearish pressure from horizontal swing high resistance, in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push down towards horizontal swing low support, in line with 78.6% Fibonacci extension . If prices push higher, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Stochastics is also facing resistance from 92.82 level, potential for pullback, in line with our analysis.
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