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GBP/JPY intraday: the downside prevails as long as 191.38 is resistance
2024-03-27
648
Our pivot point stands at 191.38.
Our preference: the downside prevails as long as 191.38 is resistance.
Alternative scenario: the upside breakout of 191.38, would call for 191.90 and 192.21.
Comment: the RSI is below 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 191.21 and 191.28).
Supports and resistances:
192.21 **
191.90 *
191.38 **
191.18
190.78 last
190.14
189.83 **
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