CADJPY Testing Support, Potential Bounce
CADJPY is approaching its support at 85.66 (100% Fibonacci extensionx2, 61.8% Fibonacci retracement, horizontal swing low support) where price could potentially bounce up to its resistance at 86.23 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is testing its support at 4.5% where a corresponding bounce could occur.
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