CADJPY facing bearish pressure | 20 Apr 2021

CADJPY facing bearish pressure | 20 Apr 2021 for FX:CADJPY by FXCM

CADJPY facing bearish pressure | 20 Apr 2021



Prices are facing bearish pressure from horizontal swing high resistance in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension . Prices might push down further to horizontal pullback support which is in line with 50% Fibonacci extension and 61.8% Fibonacci retracement . If prices push up further, prices might face resistance from 161.8% Fibonacci extension and 127.2% Fibonacci retracement . Stochastics is also facing resistance from 92.62 level, potential for push down of prices.

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