Our pivot point is at 106.22.
Our preference: the upside prevails as long as 106.22 is support
Alternative scenario: below 106.22, expect 105.76 and 105.49.
Comment: the RSI is above its neutrality area at 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 106.44 and 106.27). Finally, the CAD/JPY is trading above its upper Bollinger band (standing at 106.69).
Supports and resistances:
108.12 **
107.85 *
107.58 **
107.30
106.75 last
106.40
106.22 **
105.76 *
105.49 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-23-2025 at 06:45 UTC+1
Price reference: 106.75 last known on 06-23-2025 at 06:45 UTC+1
Investment horizon: INTRADAY
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