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GBP/JPY intraday: target 191.60
2024-04-24
822
Our pivot point stands at 193.05.
Our preference: target 191.60.
Alternative scenario: the upside breakout of 193.05, would call for 193.57 and 193.89.
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 below its 20 period moving average (192.76) but above its 50 period moving average (192.50).
Supports and resistances:
193.89 **
193.57 *
193.05 **
192.84
192.57 last
191.92
191.60 **
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