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CAD/JPY intraday: as long as 108.11 is support look for 109.51
2024-01-08
1047
Our pivot point is at 108.11.
Our preference: as long as 108.11 is support look for 109.51.
Alternative scenario: below 108.11, expect 107.61 and 107.31.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 108.47 and 108.34).
Supports and resistances:
110.10 **
109.81 *
109.51 **
109.21
108.57 last
108.31
108.11 **
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