CAD/JPY testing major support, prepare for a bounce! The price is testing major support at 88.52 (Horizontal swing low support, bullish price action, bullish harmonic formation) and we expect to see a nice bounce above this level to push the price up to at least 88.87 (Fibonacci retracement, horizontal pullback support) before 89.02 (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1% where we expect a corresponding bounce from. Buy above 88.52. Stop loss at 88.24. Take profit at 88.87 and 89.02.