CADJPY coming close to descending trendline resistance. A further push down is expected.

analytics5eb4c36a94865.jpg

Trading Recommendation

Entry: 76.364

Reason for Entry: descending trendline resistance, 61.8% Fibonacci retracement

Take Profit : 74.973

Reason for Take Profit: Graphical swing low

Stop Loss: 77.260

Reason for Stop loss: Graphical swing high

The material has been provided by InstaForex Company - www.instaforex.com