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

GBP/JPY intraday: the upside prevails as long as 147.83 is support

GBPJPY

Trading Central 2021-02-22 12:51:05

147.83 is our pivot point.

Our preference: the upside prevails as long as 147.83 is support.

Alternative scenario: the downside breakout of 147.83 would call for 147.52 and 147.33.

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 trading above both its 20 and 50 period moving average (respectively at 147.96 and 147.78).

Supports and resistances:

149.10 **

148.92 *

148.73 **

148.54

148.16 last

147.96

147.83 **

Disclaimer

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