CAD/JPY
On a daily chart the pair created a bullish engulfing pattern yesterday.
As seen on the daily chart, there is an up trend, and yesterday the pair rose after he tested a diagonal support line.
Also, the averages of the stochastic oscillator made a cut facing up from an oversold area.
For Forex traders:
Buy between the levels of : 83.50 – 84.00.
Stop loss point : 83.00.
Take profit point : 85.50.
For Binary options traders:
A call option between the levels of : 83.50 – 84.00.
Expiry time : May 13.
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