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CADJPY approaching support, potential bounce!

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Tickmill Broker  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns CADJPY CAD jpy cadjpylong cadjpyshort
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trendanalysis harmonicpatterns chartpattern cadjpy cad jpy cadjpylong cadjpyshort
CADJPY is approaching our first support at 82.27 (horizontal swing low support, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 82.93 (23.6% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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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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