CADJPY Approaching Support, Potential Bounce!
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.
Stochastic (55, 5, 3) is approaching support at 4.4% where a corresponding bounce could occur.
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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.