CADJPY holding below both descending trendline resistance and moving average. A further drop below 78.843 towards 1st support at 78.373 can be expected.
Trading Recommendation
Entry: 78.843
Reason for Entry:
61.8% fib retracement, Descending trendline resistance, moving average
Take Profit : 78.373
Reason for Take Profit:
-61.8% fib retracement, 127.20% Fib extension, recent swing low
Stop Loss: 78.789
Reason for Stop loss:
78.6% fib retracement, recent swing high
