GBP/JPY intraday: the downside prevails as long as

GBP/JPY intraday: the downside prevails as long as 148.06 is resistance

GBPJPY

Trading Central 2021-02-23 07:35:13

Our pivot point stands at 148.06.

Our preference: the downside prevails as long as 148.06 is resistance.

Alternative scenario: the upside breakout of 148.06, would call for 148.38 and 148.56.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 147.81 and 147.96).

Supports and resistances:

148.56 **

148.38 *

148.06 **

147.94

147.76 last

147.33

147.14 **

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