Today, July 17, 2024 – The CADJPY price has concluded its correctional decline by testing and settling above the additional support level at 115.40, as depicted on the chart. Stochastic indicators are showing signs of exiting oversold conditions, which enhances the likelihood of gaining positive momentum.
Anticipate renewed bullish attempts targeting the 116.55 level in the near term, with further aspirations towards the initial main target at 117.45.
The expected trading range for today is forecasted between 115.50 and 116.45.
Trend Forecast: Bullish
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