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GBP/JPY intraday: under pressure below 186.23
2024-01-12
806
Our pivot point is at 186.23.
Our preference: under pressure below 186.23.
Alternative scenario: above 186.23, look for 187.11 and 187.63.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 185.63 and 185.61).
Supports and resistances:
187.63 **
187.11 *
186.23 **
185.89
185.51 last
184.34
183.82 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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