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The CADJPY currency pair has been consistently experiencing negative trading, remaining below the 61.8% Fibonacci retracement level, which serves as a significant resistance point at 103.55. As shown in the chart, the pair continues to face losses, maintaining stability near the 101.50 mark.
The primary indicators are aligned in confirming the negative momentum, with the indicator reaching the 20-level, suggesting a continued bearish trend. This could drive the pair towards the 100.40 level, with the potential to target the 78.1% Fibonacci retracement at 99.45.
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Expected Trading Range for Today: 100.40 to 102.40
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Trend Forecast: Bearish
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