The CADJPY settles above the support – Analysis – 1-6-2023
Economies.com
2023-06-01 10:06AM UTC
The CADJPY pair succeeded to hold above the additional support 102.20 again, which forms the neckline of the inverted head and shoulders’ pattern to confirm its preparation to form strong bullish attack in the near term and medium term period.
We assure the importance of gaining the positive momentum to manage to reach 103.75 level first, while surpassing it will extend trades towards the next main target at 104.38 direct.
The expected trading range for today is between 102.65 and 103.75
The expected trend for today: Bullish
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