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Gbp/jpy

Posted on the 25 September 2019 by Merks50

GBP/JPY intraday: the downside prevails as long as 134.25 is resistance
Our pivot point stands at 134.25.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 133.74 and 133.86).
Alternative scenario:
the upside breakout of 134.25, would call for 134.85 and 135.20.
Our preference:
the downside prevails as long as 134.25 is resistance.