CADJPY approaching support, potential bounce!
CADJPY is approaching our first support at 82.47 (Horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracment) where a strong bounce might occur above this level pushing price up to our major resistance at 73.06 (Horizontal overlap resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
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