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.
