CAD/JPY ST: the upside prevails as long as 108.73 is support
Our pivot point is at 108.73.
Our preference: the upside prevails as long as 108.73 is support.
Alternative scenario: below 108.73, expect 106.83 and 105.69.
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 108.84 and 107.83).
Supports and resistances:
116.38 **
115.25 *
114.11 **
112.97
110.38 last
109.48
108.73 **
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