GBP/JPY intraday: as long as 141.29 is support look for 142.60

Trading Central 2021-01-13 03:04:06

Our pivot point stands at 141.29.

Our preference: as long as 141.29 is support look for 142.60.

Alternative scenario: below 141.29, expect 140.86 and 140.61.

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 (141.74) but above its 50 period moving average (141.28).

Supports and resistances:

143.11 **

142.85 *

142.60 **

142.34

141.71 last

141.46

141.29 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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