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GBP/JPY intraday: the upside prevails as long as 205.59 is support
2024-07-12
1050
Our pivot point is at 205.59.
Our preference: the upside prevails as long as 205.59 is support.
Alternative scenario: below 205.59, expect 205.11 and 204.82.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 205.52 and 205.67).
Supports and resistances:
207.45 **
207.17 *
206.88 **
206.59
205.99 last
205.78
205.59 **
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