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GBP/JPY intraday: the downside prevails as long as 190.74 is resistance
2024-04-01
550
190.74 is our pivot point.
Our preference: the downside prevails as long as 190.74 is resistance.
Alternative scenario: above 190.74, look for 191.25 and 191.56.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 190.52 and 190.86).
Supports and resistances:
191.56 **
191.25 *
190.74 **
190.53
190.32 last
189.63
189.32 **
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