GBP/JPY intraday: above its upper Bollinger band
Our pivot point stands at 186.17.
Our preference: as long as 186.17 is support look for 187.93.
Alternative scenario: the downside breakout of 186.17 would call for 185.51 and 185.12.
Comment: the RSI is above 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 186.60 and 186.18). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 186.73).
Supports and resistances:
188.71 **
188.32 *
187.93 **
187.53
186.74 last
186.43
186.17 **
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