GBP/JPY intraday: the downside prevails as long as 183.97 is resistance
Our pivot point stands at 183.97.
Our preference: the downside prevails as long as 183.97 is resistance.
Alternative scenario: the upside breakout of 183.97, would call for 184.72 and 185.18.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 183.40 and 183.39).
Supports and resistances:
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