The CADJPY records some gains – Analysis – 8-6-2023
Economies.com
2023-06-08 05:02AM UTC
The CADJPY pair resumed forming bullish trades to achieve additional gains by reaching 104.88, reminding you that the bullish scenario will remain valid as long as the price is above the key support 102.40, in addition to 103.70 level attempt to form the additional support against the bullish attempts.
In addition, we notice stochastic attempt to crawl towards the overbought areas, to provide the additional positive momentum, allowing us to keep the bullish overview that might target 105.10 level soon, followed by reaching the next main target at 105.80.
The expected trading range for today is between 104.10 and 105.10
The expected trend for today: Bullish
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