CADJPY is approaching our first resistance at 85.52 (horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 84.63 (61.8% Fiboancci extension). RSI (89) has seen a bearish exit and we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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