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GBP/JPY intraday: below its lower Bollinger band

2024-03-27
199

Our pivot point stands at 191.51.

Our preference: the downside prevails as long as 191.51 is resistance.

Alternative scenario: the upside breakout of 191.51, would call for 192.02 and 192.33.

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 stands below its 20 and 50 period moving average (respectively at 191.25 and 191.31). Finally, the GBP/JPY is trading below its lower Bollinger band (standing at 190.91).

Supports and resistances:

192.33 **

192.02 *

191.51 **

191.30

190.90 last

190.23

189.92 **

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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