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GBP/JPY intraday: the downside prevails as long as 186.12 is resistance
2024-01-16
249
Our pivot point stands at 186.12.
Our preference: the downside prevails as long as 186.12 is resistance.
Alternative scenario: above 186.12, look for 186.99 and 187.51.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 185.43 and 185.39).
Supports and resistances:
187.51 **
186.99 *
186.12 **
185.77
185.29 last
184.23
183.71 **
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