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. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.