CADJPY Approaching Support, Potential Bounce!
CADJPY is approaching its support at 84.74 (61.8% Fibonacci extension, 76.4% & 38.2% Fibonacci retracement, horizontal overlap support) where price could potentially bounce to its resistance at 85.41 (horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. \u2028Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. \u2028Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results