Klimex

CADJPY Approaching Support, Potential Bounce

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is approaching its support at 83.57 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 84.59 (61.8% Fibonacci extension , 38.2% Fibonacci retracement).

Stochastic (34, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.

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