CAD/JPY intraday : the downside prevails as long as 106.38 is resistance

Our pivot point is at 106.38.

Our preference: the downside prevails as long as 106.38 is resistance

Alternative scenario: above 106.38, look for 106.81 and 107.07.

Comment: the RSI is below its neutrality area at 50. 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 106.20 and 106.59).

Supports and resistances:

107.07 **

106.81 *

106.38 **

106.21

106.02 last

105.46

105.20 **