GBP/JPY intraday: the upside prevails as long as 130.93 is support
Our pivot point stands at 130.93.
Comment:
the RSI is above 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 131.20 and 131.17).
Alternative scenario:
below 130.93, expect 130.34 and 130.
Our preference:
the upside prevails as long as 130.93 is support.
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