CAD/JPY intraday: the upside prevails as long as 109.05 is support
109.05 is our pivot point.
Our preference: the upside prevails as long as 109.05 is support.
Alternative scenario: below 109.05, expect 108.75 and 108.57.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 109.25 and 109.22).
Supports and resistances:
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