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Gbp/jpy

Posted on the 11 September 2019 by Merks50

GBP/JPY intraday: the upside prevails as long as 132.40 is support
Our pivot point stands at 132.40.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 132.73 and 132.60).
Alternative scenario:
the downside breakout of 132.40 would call for 131.81 and 131.46.
Our preference:
the upside prevails as long as 132.40 is support.