ICmarkets

CADJPY Approaching Support, Potential Bounce!

Long
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
CADJPY is approaching its support at 83.07 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price could bounce from, rising to its resistance at 84.42 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching support at 4.4% where a corresponding bounce could occur.

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.