GBP/JPY intraday: as long as 134.60 is support look for 136.17
Our pivot point stands at 134.60.
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 below its 20 MA (135.18) but above its 50 MA (134.70).
Alternative scenario:
the downside breakout of 134.60 would call for 134 and 133.64.
Our preference:
as long as 134.60 is support look for 136.17.
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