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Tickmill
Jan 22, 2018 5:41 AM

CADJPY right on major support, prepare for a potential bounce Long

Canadian Dollar/Japanese YenFXCM

Description

CADJPY is seeing major support above 88.57 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur above this level to push price up to first major resistance at 89.55 (Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) is seeing major support above 1.9% where a bounce is occurring nicely and has good upside potential for our rise.

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Comments
yitiancai
I am trading it
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