CAD/JPY may rise to 110.69 - 113.09

Our pivot point is at 102.27.

Our preference

Rebound towards 113.09.

Alternative scenario

Below 102.27, expect 98.27 and 95.88.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 107.06 and 111.44).

Supports and resistances

117.88 **

115.48 *

113.09 **

110.69

105.82 last

103.85

102.27 **

98.27 *

95.88 **

Number of asterisks represents the strength of support and resistance levels.