CADJPY approaching support, potential bounce!

٢١ ديسمبر ٢٠١٨

CADJPY is appproaching our first support at 82.20 (horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong bounce in price might occur pushing price up to our major resistance at 83.66 (horizontal overlap resistance, 23.6% fibonacci retracement, 100% fibonacci extension).
Stocahstic (89,5,3) is also approaching support and a strong bounce above this level might see a corresponding bounce in price.