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GBP/JPY intraday: target 191.26
2024-04-16
558
Our pivot point is at 192.78.
Our preference: target 191.26.
Alternative scenario: the upside breakout of 192.78, would call for 193.32 and 193.64.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (192.39) but above its 50 period moving average (192.13).
Supports and resistances:
193.64 **
193.32 *
192.78 **
192.57
192.24 last
191.58
191.26 **
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