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CAD/JPY intraday: as long as 108.35 is support look for 109.14
2023-09-14
245
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 **
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