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CADJPY has bounced perfectly, further potential upside expected

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Tickmill Broker  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CADJPY CAD jpy cadjpyshort cadjpylong cadjpyanalysis cadjpytrade cadjpybuy cadjpysell
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trendanalysis harmonicpatterns chartpattern cadjpy cad jpy cadjpyshort cadjpylong cadjpyanalysis cadjpytrade cadjpybuy cadjpysell
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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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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