Gbp/jpy

GBP/JPY

GBP/JPY intraday: rebound
Our pivot point stands at 130.90.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (131.31) but under its 50 MA (131.55).
Alternative scenario:
below 130.90, expect 130.32 and 129.98.
Our preference:
rebound.