The CAD/JPY pair is testing its support at 82.38 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 82.84 (horizontal swing high resistance).

Stochastic (55, 5, 3) is nearing its support at 4.3% where a corresponding bounce is anticipated. CAD/JPY is testing its support where we expect to see a bounce.

Buy above 82.38. Stop loss at 82.08. Take profit at 82.84.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom #daytrader #scalper #swingtrader #fx #currency #traders #pip

babypips currency daytrader ea financialfreedom forex forexcourse forexdaily forexentourage forexfactory forexfamily forexgroup forexhelp forexhelptrading forexlife forexmoney forexscalping forexsignals forexsigns forextrade forextrader forextrading fx scalper swingtrader theforexarmy
Jeff Wecker
Jeff Wecker

Jeff Wecker, the inventor of Forex Forager, is a former member of the Chicago Board of Trade. There, Jeff learned his craft in the 30-year bond pit, trading against the world's best, and now has survived and prospered in the industry for the past 25 years. He took the unique knowledge he gained at the CBOT and transitioned it to online trading, where he traded FX, commodities, stock indices, and bonds – all using his unique 5 pip/tick risk system. Visit us at Global Fx Trading Group