CAD/JPY is approaching its support at 0.7470 (61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7527 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.1% where a corresponding bounce could occur.
CAD/JPY is approaching its support where we expect to see a bounce.
Buy above 0.7470. Stop loss at 0.7469. Take profit at 0.7527.
