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GBP/JPY intraday: the downside prevails as long as 182.14 is resistance

2023-10-26
1030

Our pivot point stands at 182.14.

Our preference: the downside prevails as long as 182.14 is resistance.

Alternative scenario: the upside breakout of 182.14, would call for 182.66 and 182.98.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 181.75 and 181.78).

Supports and resistances:

182.98 **

182.66 *

182.14 **

181.93

181.65 last

181.00

180.68 **

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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