GBP/JPY Intraday: rebound towards 191.71

Apr 12, 2024 19:48
rebound towards 191.71.
Our pivot point stands at 190.22.

Our preference: rebound towards 191.71.

Alternative scenario: below 190.22, expect 189.69 and 189.37.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (190.70) but under its 50 period moving average (191.56).

Supports and resistances:
192.34 **
192.02 *
191.71 **
190.74 last
190.22 **
189.69 *
189.37 **

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