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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.