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GBP/JPY intraday: above its upper Bollinger band
2024-07-12
654
205.26 is our pivot point.
Our preference: rebound towards 206.57.
Alternative scenario: below 205.26, expect 204.78 and 204.49.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (205.05) but under its 50 period moving average (206.63). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 205.62).
Supports and resistances:
207.14 **
206.85 *
206.57 **
206.28
205.66 last
205.45
205.26 **
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