GBP/JPY intraday: rebound towards 148.50

GBPJPY

Trading Central 2021-02-23 03:03:05

Our pivot point stands at 147.61.

Our preference: rebound towards 148.50.

Alternative scenario: the downside breakout of 147.61 would call for 147.30 and 147.11.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 147.94 and 147.96).

Supports and resistances:

148.87 **

148.68 *

148.50 **

148.31

147.89 last

147.74

147.61 **

Disclaimer

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