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CAD/JPY intraday: as long as 112.73 is support look for 113.43
2024-04-23
384
Our pivot point is at 112.73.
Our preference: as long as 112.73 is support look for 113.43.
Alternative scenario: the downside breakout of 112.73 would call for 112.48 and 112.33.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (112.99) but above its 50 period moving average (112.84).
Supports and resistances:
113.72 **
113.57 *
113.43 **
113.28
112.94 last
112.82
112.73 **
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