CAD/JPY may rise to 114.29 - 115.47

BY Trading Central

|April 9, 2024

ST: the upside prevails as long as 110.25 is support

 ST: the upside prevails as long as 110.25 is support

Our pivot point is at 110.25.

Our preference

The upside prevails as long as 110.25 is support.

Alternative scenario

The downside breakout of 110.25 would call for 108.28 and 107.10.


The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 111.31 and 110.86).

Supports and resistances

117.83 **

116.65 *

115.47 **


111.83 last


110.25 **

108.28 *

107.10 **

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

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