FX.co ★ CADJPY reacting Above ascending trendline support. Bounce incoming!

CADJPY testing ascending trendline support. A short term bounce above our 1st support at 90.823 towards graphical swing high and 1st resistance at 91.120. RSI is testing support where price bounced in the past as well.

Trading Recommendation

Entry: 90.823

Reason for Entry:

61.8% Fibonacci retracement, ascending trendline support

Take Profit: 91.120

Reason for Take Profit:

Graphical swing high resistance

Stop Loss: 90.642

Reason for Stop Loss:

Graphical swing low