GBP/JPY Intraday: as long as 193.59 is support look for 195.81
May 8, 2024 22:06
GBP/JPY (GBP/JPY)
0.09+0.05%
as long as 193.59 is support look for 195.81.
Our pivot point stands at 193.59.
Our preference: as long as 193.59 is support look for 195.81.
Alternative scenario: the downside breakout of 193.59 would call for 192.79 and 192.31.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 194.34 and 194).
Supports and resistances:
196.77 **
196.29 *
195.81 **
195.33
194.36 last
193.91
193.59 **
192.79 *
192.31 **
Our preference: as long as 193.59 is support look for 195.81.
Alternative scenario: the downside breakout of 193.59 would call for 192.79 and 192.31.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 194.34 and 194).
Supports and resistances:
196.77 **
196.29 *
195.81 **
195.33
194.36 last
193.91
193.59 **
192.79 *
192.31 **
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