Our pivot point is at 108.64.
Our preference: the downside prevails as long as 108.64 is resistance
Alternative scenario: above 108.64, look for 108.98 and 109.19.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 108.51 and 108.57). Finally, the CAD/JPY is trading below its lower Bollinger band (standing at 108.28).
Supports and resistances:
109.19 **
108.98 *
108.64 **
108.50
108.12 last
107.68
107.47 **
107.26 *
107.06 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-14-2025 at 06:46 UTC+1
Price reference: 108.12 last known on 10-14-2025 at 06:46 UTC+1
Investment horizon: INTRADAY
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