The CADJPY returns to the bullish correctional track– Analysis – 12-9-2019

The CADJPY price affected by strong positive pressures in the last period trading, which pushed it to breach the barrier at 80.80, to settle within the bullish correctional range, the stability of the breached barrier and forming a new support makes us prefer more of the bullish attempts until reaching 83.20, then wait for testing the critical resistance at 84.65.

Note that stochastic stability above 50 level forms a main factor to confirm the bullish scenario by providing a new positive momentum, to ease the mission for reaching the suggested positive stations.

The expected trading range for today is between 81.00 and 83.20

The expected trend for today: Bullish.