CADJPY holding below both descending trendline resistance and moving average. A further drop below 79.14 towards 1st support at 78.822 can be expected.
Trading Recommendation
Entry: 79.134
Reason for Entry:
Graphical overlap
Take Profit : 78.822
Reason for Take Profit:
38.2% fib retracement
Stop Loss: 78.789
Reason for Stop loss:
61.8% fib retracement, Descending trendline resistance, moving average
