GBP/JPY intraday: as long as 131.45 is support look for 133.02
131.45 is our pivot point.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 131.87 and 131.36).
Alternative scenario:
below 131.45, expect 130.87 and 130.52.
Our preference:
as long as 131.45 is support look for 133.02.
