CADJPY has bounced perfectly, further potential upside expected

Price has bounced up perfectly from our major support at 88.57 previously. Major support is now at 89.37 (Fibonacci retracement, horizontal pullback overlap support) and a potential bounce could occur from here pushing price further up to 90.37 resistance (Fibonacci retracement, Fibonacci extension).

Stochastic (89,5,3) is seeing major support above 1.9% where a potential corresponding bounce could occur.

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