CAD/JPY intraday: rebound

CADJPY

Trading Central 2021-01-13 17:49:04

Our pivot point stands at 81.40.

Our preference: rebound.

Alternative scenario: the downside breakout of 81.40 would call for 81.20 and 81.08.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (81.52) but below its 50 period moving average (81.60).

Supports and resistances:

82.21 **

82.09 *

81.97 **

81.85

81.59 last

81.48

81.40 **

Disclaimer

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