The CADJPY is getting poised to continue its upward trend. 12-9-2023

The CADJPY made a feeble upward movement while striving to overcome stochastic negative and maintaining above the initial support level at 106.50, in order to noticeably record some gains due to its stability at 108.00.

The price may continue its brief sideways movement until gaining additional positive momentum to make it easier to break through the 108.40 barrier, at which point it will start aiming for several positive stations by reaching 109.00 and 109.55.

Today's trading range is anticipated to be between 107.50 and 108.40.