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GBP/JPY intraday: under pressure below 184.71
2023-09-14
976
184.71 is our pivot point.
Our preference: under pressure below 184.71.
Alternative scenario: above 184.71, look for 185.66 and 186.22.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 184.10 and 183.96).
Supports and resistances:
186.22 **
185.66 *
184.71 **
184.34
183.96 last
182.83
182.26 **
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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