FX.co ★ CAD/JPY approaching resistance, prepare for a reversal

CADJPY is approaching its resistance at 86.67 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to the support at 85.76 (50% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

CADJPY is approaching its resistance where we expect to see a reversal.

Sell below 86.67. Stop loss is located at 87.49 and take profit is at 85.76.