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GBP/JPY intraday: as long as 187.19 is support look for 189.64
2024-01-17
711
187.19 is our pivot point.
Our preference: as long as 187.19 is support look for 189.64.
Alternative scenario: the downside breakout of 187.19 would call for 186.27 and 185.72.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 187.66 and 186.87).
Supports and resistances:
190.74 **
190.19 *
189.64 **
189.09
187.97 last
187.56
187.19 **
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