CAD/JPY intraday BUY
Our pivot point stands at 82.76.
Our preference:
as long as 82.76 is support look for 83.38.
Alternative scenario:
below 82.76, expect 82.55 and 82.42.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 82.95 and 82.89).
Our preference:
as long as 82.76 is support look for 83.38.
Alternative scenario:
below 82.76, expect 82.55 and 82.42.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 82.95 and 82.89).
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