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GBP/JPY intraday: as long as 181.69 is support look for 183.21

2023-10-23
878

Our pivot point is at 181.69.

Our preference: as long as 181.69 is support look for 183.21.

Alternative scenario: the downside breakout of 181.69 would call for 181.14 and 180.82.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 182.19 and 181.95).

Supports and resistances:

183.87 **

183.54 *

183.21 **

182.88

182.23 last

181.91

181.69 **

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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