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FX.co ★ CADJPY approaching swing high! Pullback towards trendline expected!

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Forex Analysis:::2020-07-06T02:23:17

CADJPY approaching swing high! Pullback towards trendline expected!

CADJPY approaching swing high! Pullback towards trendline expected!

Trading Recommendation

Entry: 79.703

Reason for Entry: Recent swing high, -27% Fibonacci retracement, 161.8% Fibonacci extension

Take Profit: 79.332

Reason for Take Profit: 61.8% Fibonacci retracement, ascending trendline support

Stop Loss: 79.914

Reason for Stop Loss: 161.8% Fibonacci extension

Analyst InstaForex
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