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Gbp/jpy

Posted on the 04 September 2019 by Merks50

GBP/JPY intraday: as long as 127.58 is support look for 129.11
Our pivot point stands at 127.58.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (128.05) but above its 50 MA (127.84).
Alternative scenario:
below 127.58, expect 127.01 and 126.67.
Our preference:
as long as 127.58 is support look for 129.11.