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CADJPY Bounced Off Support, Potential For A Further Rise

Oleh ICmarkets
Broker
CADJPY bounced nicely off its support at 84.82(100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 85.86 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 3.9% where a corresponding rise could occur.
CADCADJPYcadjpylongChart PatternsForexforexsignalsHarmonic PatternsjpyTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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