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GBP/JPY intraday: as long as 181.72 is support look for 183.23
2023-10-23
790
181.72 is our pivot point.
Our preference: as long as 181.72 is support look for 183.23.
Alternative scenario: below 181.72, expect 181.17 and 180.84.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 182.22 and 182).
Supports and resistances:
183.89 **
183.56 *
183.23 **
182.90
182.24 last
181.93
181.72 **
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