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GBP/JPY intraday: the upside prevails as long as 181.91 is support


Our pivot point is at 181.91.

Our preference: the upside prevails as long as 181.91 is support.

Alternative scenario: below 181.91, expect 181.36 and 181.03.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 182.25 and 182.13).

Supports and resistances:

184.09 **

183.76 *

183.43 **


182.43 last


181.91 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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