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Further Downside More Likely For CADJPY

Discussion in 'Technical Analysis' started by Kaitlin, Dec 1, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Failure to surpass 93.20-30 horizontal mark dragged down the CADJPY towards testing "Rising-Wedge" bearish formation support during last week. On Monday, the pair failed to hold the pattern support-line and drifted lower, confirming further downside to 23.6% Fibonacci Retracement Level of its June – August decline, around 90.50. Given the[​IMG]

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