GBP/JPY intraday: rebound towards 142.48

GBPJPY

Trading Central 2021-01-14 08:05:04

Our pivot point stands at 141.28.

Our preference: rebound towards 142.48.

Alternative scenario: below 141.28, expect 140.85 and 140.60.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (141.65) but under its 50 period moving average (141.80).

Supports and resistances:

142.99 **

142.74 *

142.48 **

142.22

141.65 last

141.45

141.28 **

Disclaimer

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