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GBP/JPY intraday: our next up target stands at 189.64
2024-03-13
124
Our pivot point stands at 188.36.
Our preference: our next up target stands at 189.64.
Alternative scenario: below 188.36, expect 187.90 and 187.63.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 188.73 and 188.72).
Supports and resistances:
190.19 **
189.92 *
189.64 **
189.37
188.80 last
188.54
188.36 **
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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