Cad/Jpy is retracing after almost hitting 100
The natural retracement level before another move up would be 61.8% fibonacci retracement
and there is a good chance this will hold the price from moving down further
because the pair has fallen back within a weekly bullish channel
and the lower border of this channel is now trendline support again, and lies around the same level
as the fibonacci retracement of 61.8% - this combination should act as a strong support for the pair
…
The natural retracement level before another move up would be 61.8% fibonacci retracement
and there is a good chance this will hold the price from moving down further
because the pair has fallen back within a weekly bullish channel
and the lower border of this channel is now trendline support again, and lies around the same level
as the fibonacci retracement of 61.8% - this combination should act as a strong support for the pair
…