Posted on the 12 September 2019 by Merks50
GBP/JPY intraday: above its upper Bollinger band
132.64 is our pivot point.
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 132.91 and 132.98). Finally, the GBP/JPY has crossed above its upper Bollinger band (133.14).
Alternative scenario:
below 132.64, expect 132.05 and 131.70.
Our preference:
the upside prevails as long as 132.64 is support.

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