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GBP/JPY intraday: as long as 194.16 is support look for 195.64
2024-04-26
324
Our pivot point is at 194.16.
Our preference: as long as 194.16 is support look for 195.64.
Alternative scenario: below 194.16, expect 193.63 and 193.31.
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 trading above both its 20 and 50 period moving average (respectively at 194.49 and 194.25).
Supports and resistances:
196.27 **
195.96 *
195.64 **
195.32
194.63 last
194.37
194.16 **
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