CADJPY bounced nicely off its support, potential to rise!
CADJPY bounced nicely off its support at 81.683 (61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap support) where it has the potential to rise to its 1st resistance at 82.358 (100% Fibonacci extension, 61.8% Fibonacci retracement) or to its 2nd resistance at 82.764 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback resistance). We have also identified another support at 81.324 (horizontal swing low support)
Stochastic (34, 5, 3) made a corresponding bounce of its support where it has the potential to rise further.
Stochastic (34, 5, 3) made a corresponding bounce of its support where it has the potential to rise further.
Trade closed: target reached
CADJPY rose nicely to our major resistance!
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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.