GBP/JPY intraday: the upside prevails as long as 182.87 is support
Our pivot point stands at 182.87.
Our preference: the upside prevails as long as 182.87 is support.
Alternative scenario: the downside breakout of 182.87 would call for 181.93 and 181.37.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 183.36 and 183.41).
Supports and resistances:
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