CAD/JPY may fall 62 - 86 pips.

CAD/JPY may fall 62 - 86 pips.

Our pivot point is at 112.39.

Our preference : The downside prevails as long as 112.39 is resistance Alternative scenario Above 112.39, look for 112.79 and 113.03.

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 112.21 and 112.45).