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CAD/JPY intraday: as long as 109.09 is support look for 109.86
2024-03-13
984
109.09 is our pivot point.
Our preference: as long as 109.09 is support look for 109.86.
Alternative scenario: below 109.09, expect 108.81 and 108.65.
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 109.26 and 109.04).
Supports and resistances:
110.19 **
110.02 *
109.86 **
109.69
109.35 last
109.20
109.09 **
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