The CADJPY forms new bearish channel – Analysis – 3-2-2023
Economies.com
2023-02-03 09:11AM UTC
The CADJPY pair formed minor bearish channel recently to reinforce the continuation of the negativity and settle below 97.52 resistance, while the price begins to record the negative targets and settles near 96.20, caused by the major indicators negative momentum signals.
We expect to face more negative pressures to crawl towards 95.65 direct, followed by attempting to renew the pressure on 94.45 support line in order to find a way to resume the negative trades for the upcoming period.
The expected trading range for today is between 96.85 and 94.45
The expected trend for today: Bearish
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