The CADJPY formed a main bearish channel in the last period trading, to notice the stability of the moving average 55 near the resistance at 105.20, to increase the efficiency of the negative attack, to settle near 102.80.
By the above image, we notice the trading stability below 61.8%Fibonacci correction level at 103.45, to form an extra barrier against the negative trading, to begin preferring targeting new negative stations by the price decline towards 102.10 and 101.35.
The expected trading range for today is between 102.10 and 103.10
Trend forecast: Bearish
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