GBP/JPY intraday: above its upper Bollinger band
![](/assets/frontend/images/page/strategy/f-time.png)
![](/assets/frontend/images/page/strategy/yq-ic.png)
Our pivot point stands at 188.12.
Our preference: the upside prevails as long as 188.12 is support.
Alternative scenario: the downside breakout of 188.12 would call for 187.49 and 187.11.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 188.56 and 188.44). Finally, the GBP/JPY has crossed above its upper Bollinger band (188.67).
Supports and resistances:
190.56 **
190.18 *
189.81 **
189.43
188.68 last
188.36
188.12 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
CM Trade Mobile Application
Economics Calendar
More