The CADJPY prepares to resume the decline – Analysis – 23-9-2022
Economies.com
2022-09-23 06:42AM UTC
The CADJPY pair formed strong negative attack recently, affected by the frequent negative pressures to touch 104.55 level followed by bouncing to retrace in order to test the additional barrier at 105.75.
The stability of the mentioned barrier and stochastic negative momentum signal confirm the continuation of the negativity, to expect renewing the negative attack and target 104.60 followed by reaching the key support 103.85.
The expected trading range for today is between 105.70 and 104.60
The expected trend for today: Bearish
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