GBP/JPY intraday: as long as 141.39 is support loo

GBP/JPY intraday: as long as 141.39 is support look for 142.62

GBPJPY

Trading Central 2021-01-13 05:01:07

Our pivot point stands at 141.39.

Our preference: as long as 141.39 is support look for 142.62.

Alternative scenario: the downside breakout of 141.39 would call for 140.96 and 140.71.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (141.78) but above its 50 period moving average (141.35).

Supports and resistances:

143.13 **

142.87 *

142.62 **

142.36

141.77 last

141.56

141.39 **

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