GBP/JPY intraday: the upside prevails as long as 181.97 is support
Our pivot point is at 181.97.
Our preference: the upside prevails as long as 181.97 is support.
Alternative scenario: the downside breakout of 181.97 would call for 181.44 and 181.12.
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 181.99 and 181.85).
Supports and resistances:
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