
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
2019-11-11 • Updated
CAD/JPY has been finding strong resistance at the Fibonacci level of 50% at 81.98 following a buying wave seen since March 19th session. The 200 SMA at H1 chart is helping to provide dynamic resistance so far and the pair didn’t succeed to post fresh highs above the 65% Fibonacci level and that’s why we would like to see a bearish continuation towards the -23.6% Fibonacci zone at 79.85.
RSI indicator remains in the negative territory, favoring to the bearish bias.
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
What happened? Japanese shares fell on Monday…
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