CADJPY approaching support, potential bounce!
CADJPY is approaching our first support at 83.83 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 85.51 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also bouncing off our support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also bouncing off our support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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