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Canadian Dollar / Japanese Yen
Long

USDJPY Approaching Support, Potential Bounce

By ICmarkets
Broker
CADJPY is approaching its support at 81.70 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 82.44 (100% Fibonacci extension, Horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 7.9% where a corresponding bounce could occur.
CADCADJPYcadjpylongcadjpyshortChart PatternsForexforexsignalforextradingHarmonic PatternsjpyTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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