CADJPY right on major support, prepare for a potential bounce

CADJPY is seeing major support above 88.57 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur above this level to push price up to first major resistance at 89.55 (Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing major support above 1.9% where a bounce is occurring nicely and has good upside potential for our rise.

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CADCADJPYcadjpyanalysiscadjpybuycadjpylongcadjpysellcadjpyshortcadjpytradeChart PatternsHarmonic PatternsjpyTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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