Gbp/jpy

GBP/JPY intraday: as long as 132.98 is support look for 134.54
Our pivot point is at 132.98.
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 trading above both its 20 and 50 MAs (respectively at 133.43 and 133.21).
Alternative scenario:
the downside breakout of 132.98 would call for 132.38 and 132.03.
Our preference:
as long as 132.98 is support look for 134.54.