CAD/JPY bounced nicely off its support at 0.7159 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 86.13 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is bounced off its support at 2.3% where a corresponding rise could occur.
CAD/JPY bounced nicely off its support where we expect to see a further rise.
Buy above 85.67. Stop loss at 85.33. Take profit at 86.13.
