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GBP/JPY intraday: target 190.95
2024-04-15
703
Our pivot point stands at 192.64.
Our preference: target 190.95.
Alternative scenario: above 192.64, look for 193.17 and 193.49.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (192.20) but above its 50 period moving average (191.57).
Supports and resistances:
193.49 **
193.17 *
192.64 **
192.43
191.93 last
191.27
190.95 **
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