CADJPY coming to test ascending channel resistance and 1st resistance at 80.043. With stochastics testing resistance where price dropped in the past, a short term drop towards 1st support at 79.696 can be expected as well.
Trading Recommendation
Entry: 80.043
Reason for Entry:
Ascending trendline resistance
Take Profit : 79.696
Reason for Take Profit:
38.2% fib retracement
Stop Loss: 80.274
Reason for Stop loss:
-27.2% Fib retracement
