CADJPY Up-Move Stalled Near Important Resistance Confluence

Discussion in 'Technical Analysis' started by Kaitlin, Oct 30, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Recently, pullbacks from 90.50 fueled the CADJPY towards testing 92.00 round figure mark; though, 92.30-50 resistance confluence, encompassing near four month old descending trend-line and 50% Fibo of its July August down-leg, may restrict the pair's further up-move. A reversal from the present levels signals the pair's immediate test[​IMG]

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