GBP/JPY intraday: the upside prevails as long as 182.62 is support
Our pivot point is at 182.62.
Our preference: the upside prevails as long as 182.62 is support.
Alternative scenario: the downside breakout of 182.62 would call for 182.07 and 181.74.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 182.85 and 182.49).
Supports and resistances:
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