CAD/JPY intraday: the downside prevails as long as 109.58 is resistance
Our pivot point stands at 109.58.
Our preference: the downside prevails as long as 109.58 is resistance.
Alternative scenario: the upside breakout of 109.58, would call for 109.85 and 110.02.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 109.36 and 109.35).
Supports and resistances:
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