GBP/JPY intraday: the upside prevails as long as 133.85 is support
Our pivot point is at 133.85.
Comment:
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 134.30 and 134.30).
Alternative scenario:
the downside breakout of 133.85 would call for 133.26 and 132.90.
Our preference:
the upside prevails as long as 133.85 is support.
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