The CADJPY keeps the positivity – Analysis – 27-1-2022

Despite facing strong negative pressures recently, the CADJPY pair’s positive consolidation above the bullish channel’s support line at 89.65 increases the chances of renewing the bullish attempts in the near term and medium term period.

Also, the moving average 55 consolidation near the major support confirms blocking trades within the bullish track, to expect targeting 91.30 level soon, followed by reaching the first main target at 92.70.

The expected trading range for today is between 90.00 and 91.30

The expected trend for today: Bullish