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CAD/JPY intraday: as long as 108.35 is support look for 109.14

2023-09-14
223

Our pivot point is at 108.35.

Our preference: as long as 108.35 is support look for 109.14.

Alternative scenario: below 108.35, expect 108.07 and 107.90.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (108.63) but above its 50 period moving average (108.50).

Supports and resistances:

109.48 **

109.31 *

109.14 **

108.97

108.61 last

108.46

108.35 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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