CADJPY approaching support, potential bounce!
CADJPY is appproaching our first support at 82.20 (horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong bounce in price might occur pushing price up to our major resistance at 83.66 (horizontal overlap resistance, 23.6% fibonacci retracement, 100% fibonacci extension).
Stocahstic (89,5,3) is also approaching support and a strong bounce above this level might see a corresponding bounce in price.
Stocahstic (89,5,3) is also approaching support and a strong bounce above this level might see a corresponding bounce in price.
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