GBP/JPY intraday: as long as 148.21 is support loo

GBP/JPY intraday: as long as 148.21 is support look for 149.29

GBPJPY

Trading Central 2021-02-24 07:54:13

Our pivot point is at 148.21.

Our preference: as long as 148.21 is support look for 149.29.

Alternative scenario: the downside breakout of 148.21 would call for 147.85 and 147.63.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 148.42 and 148.16).

Supports and resistances:

149.72 **

149.51 *

149.29 **

149.08

148.61 last

148.35

148.21 **

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