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CADJPY approaching its support, potential for a bounce!
CADJPY is approaching its support at 83.468 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where a bounce could potentially happen, pushing price all the way up to its resistance at 84.277 (100% Fibonacci extension, horizontal swing high resistance). If it surpasses this level, it could rise to its next resistance at 84.764 (38.2% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its support at 4.9% where we expect to see a corresponding bounce.
Stochastic (34, 5, 3) is approaching its support at 4.9% where we expect to see a corresponding bounce.
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