GBP/JPY intraday: the downside prevails as long as

GBP/JPY intraday: the downside prevails as long as 141.96 is resistance

GBPJPY

Trading Central 2021-01-14 04:49:06

141.96 is our pivot point.

Our preference: the downside prevails as long as 141.96 is resistance.

Alternative scenario: above 141.96, look for 142.39 and 142.65.

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 141.79 and 141.82).

Supports and resistances:

142.65 **

142.39 *

141.96 **

141.79

141.56 last

141.03

140.77 **

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