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CAD/JPY Bearish Trend Development.

Charts: 1 Day,1Week.
Indicators
: Fibonacci Retracemets;Fibonancci Fan Lines 1D, 1W TF;Support & Resistance Levels,RSI
Current Level : 95.34

CAD/JPY has finally encounter a Resistance at (101.33) after that strong bullish trend of 2800 pips that started almost two years ago. From there as can been seen on the chart there where 4 consistent attempts to break lower 92.00 level ,unsuccesfull though, and that helped formed a small range area between (92.00 )& (97.50 ). I forecast that th
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Daytrader21 avatar

I'm with you on this one we should see some retracement in all xxxjpy pairs

Metal_Mind avatar

UPDATE 1; The pair is in range , no significant movement from the level when i posted the analysis. The direction & chart example is very good but not so accurate. This prediction is very far from target level.

Metal_Mind avatar

UPDATE2 : Astonashing Prediction. This prediction come true , and it moved exactly as i predicted in the chart below.The current level is 93.98 , almost 200 pips far but the quality of the prediction is very good.

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