The CADJPY faces key barrier – Analysis – 4-7-2022

2022-07-04 06:03:00 GMT (Economies.com)
 

The CADJPY pair formed temporary sideways trades due to facing solid barrier at 106.60, to hinder the previously waited bullish rally, as the stability of this barrier and stochastic attempt to provide the negative momentum allow us to expect forming correctional bearish trades, to move towards 103.70, while breaking this level might extend losses towards 102.00 in the medium term period.

 

The expected trading range for today is between 105.50 and 103.70

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9686
0.0031
0.3190%
1.0803
-0.0017
0.1594%
18.840
-0.018
0.098%
82.299
3.005
3.790%
89.32
3.00
3.48%
1656.970
11.610
0.706%
 
 
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