CAD/JPY is approaching its support at 85.66 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 86.23 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is testing its support at 4.5% where a corresponding bounce is expected.
CAD/JPY is testing its support where we expect to see a bounce.
Buy above 85.66. Stop loss at 85.33. Take profit at 86.23.
The material has been provided by InstaForex Company – www.instaforex.com
CAD/JPY is approaching its support at 85.66 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 86.23 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is testing its support at 4.5% where a corresponding bounce is expected.
CAD/JPY is testing its support where we expect to see a bounce.
Buy above 85.66. Stop loss at 85.33. Take profit at 86.23.
The material has been provided by InstaForex Company – www.instaforex.com
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