CAD/JPY SELL intraday
Our pivot point is at 83.03.
Our preference:
the downside prevails as long as 83.03 is resistance.
Alternative scenario:
above 83.03, look for 83.24 and 83.37.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 82.90 and 82.95).
Our preference:
the downside prevails as long as 83.03 is resistance.
Alternative scenario:
above 83.03, look for 83.24 and 83.37.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 82.90 and 82.95).
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