CADJPY H4 | Falling to overlap support

24. Jan.

CAD/JPY is falling towards an overlap support and could potentially bounce higher towards our take-profit target.

Entry: 109.543
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci projection level

Stop Loss: 109.129
Why we like it:
There is a pullback support that aligns close to the 100.0% Fibonacci projection level

Take Profit: 110.385
Why we like it:
There is a pullback resistance level

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