The CADJPY faces difficulty to rise – Analysis – 22-9-2023
Economies.com
2023-09-22 06:53AM UTC
Despite the consolidation of the CADJPY pair within the bullish channel, the stability of the initial resistance at 110.45 hinders the attempts to resume the rise, to notice forming unstable sideways fluctuation.
Also, stochastic exit from the overbought areas confirms postponing the bullish attack to start suggesting the domination of the correctional bearish bias that might target 108.90 and 108.40 levels soon.
The expected trading range for today is between 110.10 and 109.00
The expected trend for today: Bearish
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