The CADJPY ended the bearish corrective rebound by testing the support of 106.45, then begin activating with the main indicators positivity by recording some gains by its rally towards 108.60, to settle above 100%Fibonacci extension level at 108.00.
And that confirms the continuation of the bullish trading, to expect providing positive momentum by the main indicators to target 109.10 level, attempting to press on the barrier near 109.40 to find an exit for recording gains in the upcoming period.
The expected trading range for today is between 0.7425 and 0.7465
Trend forecast: Bullish
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