CADJPY approaching support, potential bounce!

4 בדצמ׳ 2018

CADJPY is approaching our first support at 85.86 (horizontal overlap support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 86.47 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
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