CAD/JPY intraday: above its upper Bollinger band
Our pivot point stands at 113.61.
Our preference: as long as 113.61 is support look for 114.60.
Alternative scenario: below 113.61, expect 113.36 and 113.21.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 113.92 and 113.76). Finally, the CAD/JPY is trading above its upper Bollinger band (standing at 114.04).
Supports and resistances:
114.89 **
114.74 *
114.60 **
114.45
114.09 last
113.70
113.61 **
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