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

GBP/JPY intraday: the upside prevails as long as 141.51 is support

GBPJPY

Trading Central 2021-01-14 12:22:06

141.51 is our pivot point.

Our preference: the upside prevails as long as 141.51 is support.

Alternative scenario: below 141.51, expect 141.08 and 140.83.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 141.72 and 141.82).

Supports and resistances:

143.21 **

142.95 *

142.70 **

142.44

141.89 last

141.68

141.51 **

Disclaimer

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