CADJPY, H4 | Bearish Continuation


Type: Bearish ReversalKey Levels:Resistance: 91.268Pivot: 90.827Support: 90.139Preferred Case:With divergence spotted on RSI, we would expect a pullback from our Pivot at 90.827 in line with 50% Fibonacci retracement towards our 1st support at 90.139 which is an area of Fibonacci confluences.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 91.268 in line with 100% Fibonacci retracement.

Source: Tickmill

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