Dólar Canadense/Iene Japonês
Viés de baixa

CADJPY approaching descending trendline, potential for reversal!

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Price is holding below both the descending trendline and moving average resistances, showing signs of bearish pressure in line with our analysis. We could see a reversal at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance, and further drop towards 1st support, in line with 100% Fibonacci extension and horizontal swing low support.

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