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15.11.2018 04:36 AM
CAD/JPY Testing Support, Prepare For A Bounce

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.

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