CADJPY facing bullish pressure | 03 May 2021

CADJPY facing bullish pressure | 03 May 2021 for FX:CADJPY by FXCM

CADJPY facing bullish pressure | 03 May 2021



Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension . If prices push downwards, prices might take support from horizontal support in line with 50% Fibonacci retracement and 161.8% Fibonacci extension . EMA is also below prices, showing a bullish pressure for prices.

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