CADJPY approaching support, potential bounce!
CADJPY is approaching our first support at 83.33 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement, ascending channel’s support) where we might see a corresponding bounce in price to our major resistance at 84.04 (61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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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