GBP/JPY intraday: the upside prevails as long as 1

GBP/JPY intraday: the upside prevails as long as 141.68 is support

GBPJPY

Trading Central 2021-01-13 19:15:04

141.68 is our pivot point.

Our preference: the upside prevails as long as 141.68 is support.

Alternative scenario: the downside breakout of 141.68 would call for 141.25 and 140.99.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 141.89 and 141.81).

Supports and resistances:

143.39 **

143.13 *

142.88 **

142.62

142.07 last

141.85

141.68 **

Disclaimer

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