Overall CAD JPY is bearish, awaiting the positional sell after the "bounce back" for CAD JPY.
Price is looking to complete the Fibonacci sequence at the desired profit target.
For the entry to become valid - expecting price to reach the desired zone before the sellers react to the price level upon the four hour zone of interest.
There is a chance for both side, stock is yet to complete it's right shoulder.
Good to buy at current levels with Strict SL of 430
Expected target is to reach 485 (7.50% returns) if breaks and sustain above blue trendline.
Disclaimer: I am not a SEBI register person, please contact your financial advisor to invest in any...
EURUSD is on downtrend, however, the nice retracement is expected as the price is going to touch a key support level. Reasonable correction to the 38.2 % of fib is expected in following days.