CADJPY reacting below descending trendline resistance and moving average. A further drop below 1st resistance at 79.554 towards 1st support at 79.221 can be expected..
Trading Recommendation
Entry: 79.554
Reason for Entry:
Graphical overlap
Take Profit : 79.221
Reason for Take Profit:
-61.8% fib retracement
Stop Loss: 79.725
Reason for Stop loss:
38.2% fib retracement, descending trendline resistance, moving average resistance
