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GBP/JPY intraday: the upside prevails as long as 183.04 is support

2023-09-12
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Our pivot point stands at 183.04.

Our preference: the upside prevails as long as 183.04 is support.

Alternative scenario: below 183.04, expect 182.09 and 181.53.

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 above its 20 and 50 period moving average (respectively at 183.55 and 183.46).

Supports and resistances:

186.64 **

186.07 *

185.51 **

184.95

183.80 last

183.41

183.04 **

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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