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GBP/JPY intraday: technical rebound towards 187.80 before a new drop
2024-02-05
955
187.80 is our pivot point.
Our preference: technical rebound towards 187.80 before a new drop.
Alternative scenario: the upside breakout of 187.80, would call for 188.46 and 188.85.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (187.21) but below its 50 period moving average (187.26).
Supports and resistances:
188.85 **
188.46 *
187.80 **
187.54
187.23 last
186.36
185.97 **
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