Gbp/jpy

GBP/JPY

GBP/JPY intraday: above its upper Bollinger band
Our pivot point stands at 133.28.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (133.64) but below its 50 MA (133.87). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 133.82).
Alternative scenario:
the downside breakout of 133.28 would call for 132.68 and 132.33.
Our preference:
rebound.