GBP/JPY intraday: as long as 188.06 is support look for 189.74
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Our pivot point is at 188.06.
Our preference: as long as 188.06 is support look for 189.74.
Alternative scenario: the downside breakout of 188.06 would call for 187.44 and 187.06.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 188.56 and 188.44).
Supports and resistances:
190.48 **
190.11 *
189.74 **
189.36
188.58 last
188.31
188.06 **
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