FX:CADJPY   Canadian Dollar / Japanese Yen
Pulling back on the daily chart to a pivot point , old support, and 50% fib cluster. Possible divergence on MACD but looking to go long.
Target at recent high with stop below recent low.


Almost stopped out, but this illustrates the use of good stop (protected behind previous low) and going on to a 2:1 winner. Notice also the bounce off the strong support line drawn in.
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