The CADJPY settles within the bullish track – Forecast today – 24-4-2024
Economies.com
2024-04-24 05:44AM UTC
CADJPY Price Analysis
Expected Scenario
- The CADJPY price kept its consolidation within the bullish channel that appears on the chart, noticing stability above the additional support at 111.90 and motivating the bullish rally by recording big gains reaching 113.20.
- Stochastic stability within the overbought areas will increase positive pressures on the price, maintaining our bullish overview. This might target 113.70 followed by attempting to press on the major resistance at 114.20.
Expected Trading Range
Between 112.85 support and 113.70 resistance.
Trend Forecast: Bullish
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