GBP/JPY intraday: under pressure below 134.84
134.84 is our pivot point.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 134.70 and 134.38).
Alternative scenario:
the upside breakout of 134.84, would call for 135.43 and 135.79.
Our preference:
under pressure below 134.84.
You Might Also Like :