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CAD/JPY ST: the upside prevails as long as 107.84 is support
2024-01-30
1148
107.84 is our pivot point.
Our preference: the upside prevails as long as 107.84 is support.
Alternative scenario: below 107.84, expect 105.43 and 103.99.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 109.06 and 108.17).
Supports and resistances:
117.23 **
115.79 *
114.35 **
112.91
109.90 last
108.79
107.84 **
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