GBP/CHF reversed off key resistance, expect further drop!

Entry : 1.3267

Why it's good : horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.3430

Why it's good : horizontal swing high resistance

Take Profit : 1.2955

Why it's good : horizontal swing low support, 61.8% fibonacci extension

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

CAD/JPY broke key support with strong bearish pressure from Ichimoku cloud, expect further drop!

Entry : 83.48

Why it's good : horizontal pullback resistance, 23.6% fibonacci retracement

Stop Loss : 83.63

Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement

Take Profit : 82.69

Why it's good : horizontal pullback support, 61.8% fibonacci retracement

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