GBP/JPY intraday: the downside prevails as long as 186.84 is resistance
Our pivot point is at 186.84.
Our preference: the downside prevails as long as 186.84 is resistance.
Alternative scenario: the upside breakout of 186.84, would call for 187.46 and 187.83.
Comment: the RSI is below 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 186.49 and 186.41).
Supports and resistances:
187.83 **
187.46 *
186.84 **
186.59
186.32 last
185.52
185.15 **
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