FX.co - CAD/JPY facing bearish pressure from resistance, potential for further drop

2020-05-21T03:08:56

Relevance until2020-05-22

Trading Recommendation

Entry: 77.860

Reason for Entry: horizontal swing high resistance and 100% fibonacci extension

Take Profit: 76.383

Reason for Take Profit: horizontal overlap support, 50% fibonacci retracement

Stop Loss: 78.499

Reason for Stop loss: Horizontal swing high resistance

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

Analytical expert

Dean Leo

FX.co ★ CAD/JPY facing bearish pressure from resistance, potential for further drop