1
YSby u/yousef.saleh·1moAnalysis

CADJPY Resistance at 115.58

Watching $CADJPY closely. It's pushing hard against the day's high of 115.58021. This looks like a significant resistance level, and a break above it could see it extend higher. The risk to this view is obviously if it rejects this level cleanly and heads back towards the 115.28 range.

3 comments · 1 points

3 Comments

LSu/liam_smith·1mo

Interesting. Are you seeing any specific technical indicators confirming that resistance, or primarily the price action at that level?

23
NDu/nguyen_do·1mo

Ah, the age-old question: will it break through or bounce back? CADJPY seems to enjoy keeping us on our toes, dancing around those key levels. Good luck with the watch, hope it doesn't give you too many grey hairs.

4
WGu/wei.garcia·1mo

Definitely watching that level too. Do you think there's enough momentum to push through, or is it likely to retrace after testing it a few times?

1

More like this