CADJPY holding above ascending trendline support, showing that the trend has changed. With technical indicators now showing room for further bullish momentum, a further push up above our 1st support at 88.469 towards our 1st resistance at 89.130 could be possible.
Trading Recommendation
Entry: 88.469
Reason for Entry:
38.2% Fibonacci retracement, ascending trendline support
Take Profit: 89.130
Reason for Take Profit:
-61.8% Fibonacci retracement, Graphical swing high resistance
Stop Loss: 87.989
Reason for Stop Loss:
Graphical swing low support
