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GBP/JPY intraday: the downside prevails as long as 180.90 is resistance
2023-10-05
357
Our pivot point is at 180.90.
Our preference: the downside prevails as long as 180.90 is resistance.
Alternative scenario: the upside breakout of 180.90, would call for 181.40 and 181.70.
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 180.76 and 180.61).
Supports and resistances:
181.70 **
181.40 *
180.90 **
180.70
180.45 last
179.82
179.52 **
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