CAD/JPY may fall to 109.21 - 110.72.

CAD/JPY may fall to 109.21 - 110.72.

Our pivot point is at 116.71.

Our preference : The downside prevails as long as 116.71 is resistance Alternative scenario Above 116.71, look for 119.27 and 120.79.

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 115.52 and 114.48).