CADJPY on pullback support, potential for a bounce!
CADJPY is testing major support at 85.04 (Fibonacci retracement, horizontal overlap support, bullish ichimoku cloud) and a strong bounce could occur at this level to push prices all the way up to major resistance at 85.83 (horizontal overlap resistance). We do have to be wary of intermediate resistance at 85.53 (Fibonacci retracement, horizontal swing high resistance).
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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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