CAD/JPY testing major resistance, prepare to sell
The price is testing major resistance at 87.82 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension) and we expect to see a strong reaction off this level to push price further down to 86.47 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is also approaching major resistance at 95% where a corresponding reaction could occur. […]