CADJPY 1H

6 May 2020

We did not retest the key support that was broken. We have hit a minor support (although a bit messy) and a 161 Fib retrace line. We are also oversold on RSI. I wouldn't say we're fully divergent as well as RSI is horizontally aligned. I think we could extend up to the 61 Fib extension (where the arrow ends).