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CADJPY still bullish – Analysis – 19-7-2018
Despite the CADJPY pair’s recent sideways trading, its stability above 85.00 level confirms its preparation to build strong bullish trades in the near term and medium term period, noticing the consolidation of the moving average 55 below the major support line to confirm blocking the price within the bullish range and provide additional positive momentum now.
Therefore, we will be waiting to provide new pressure on the initial barrier at 86.05, while surpassing this level will allow the price to record more positive targets by moving towards 86.45 followed by 87.10 levels.
Expected trading range for today is between 85.40 and 86.45
Expected trend for today: Bullish
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