Technical analysis of CAD/JPY for May 17, 2018

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If we look at the 4-hour charts at the CAD/JPY We can see clearly the Divergence between MACD with the price, usually as high as possible this pair will get a correction at least to test the Resistance become Support level at the 85.71 level this condition is confirmed to by the William %R(14) already at Overbought Condition.

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The material has been provided by InstaForex Company – www.instaforex.com