ICmarkets
Long

CADJPY Approaching Support, Potential Bounce!

FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is approaching its support at 0.9394 (61.8% Fibonacci extension , 76.4% & 38.2% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 83.37 (61.8% Fibonacci retracement ).
Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
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