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GBP/JPY intraday: the downside prevails as long as 182.14 is resistance
2023-10-26
1060
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 **
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