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GBP/JPY intraday: the downside prevails as long as 183.85 is resistance


Our pivot point stands at 183.85.

Our preference: the downside prevails as long as 183.85 is resistance.

Alternative scenario: above 183.85, look for 184.79 and 185.35.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 183.42 and 183.45).

Supports and resistances:

185.35 **

184.79 *

183.85 **


183.10 last


181.34 **

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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