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GBP/JPY intraday: rebound towards 182.76

2023-10-26
225

Our pivot point is at 181.27.

Our preference: rebound towards 182.76.

Alternative scenario: the downside breakout of 181.27 would call for 180.74 and 180.43.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 181.86 and 182.03).

Supports and resistances:

183.38 **

183.07 *

182.76 **

182.44

181.70 last

181.48

181.27 **

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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