The CADJPY surrenders to the negative pressures – Analysis – 20-3-2023
2 months ago

The CADJPY pair renewed its negative attack after facing strong negative pressures that pushed it to hold below 50% Fibonacci correction level at 97.60, to notice suffering additional losses by crawling towards 95.70.


Stochastic continuous negative momentum signals allow us to suggest more negative attempts until targeting 95.20 followed by reaching the additional support at 94.35, which might stop the negative bleeding for the upcoming trading.


The expected trading range for today is between 96.75 and 95.20


The expected trend for today: Bearish

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