CADJPY Daily Chart : Dark Cloud Cover-Suggest a Bearish Reversal
Pivot: 89.75
Preference: short positions below 89.75 with targets at 84.30 & 82.40 in extension.
Alternative scenario: above 89.75 look for further upside with 91.50 & 93.30 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
93.30
91.50
89.75
87.00 Last
84.30
82.40
80.50
Preference: short positions below 89.75 with targets at 84.30 & 82.40 in extension.
Alternative scenario: above 89.75 look for further upside with 91.50 & 93.30 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
93.30
91.50
89.75
87.00 Last
84.30
82.40
80.50