CAD/JPY may fall 76 - 111 pips

Our pivot point is at 109.22.

Our preference

Eye 107.65.

Alternative scenario

The upside breakout of 109.22, would call for 109.80 and 110.15.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (108.83) but above its 50 period moving average (108.73).

Supports and resistances

110.15 **

109.80 *

109.22 **

108.99

108.76 last

108.00

107.65 **

107.31 *

106.96 **

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