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Gbp/jpy

Posted on the 11 October 2019 by Merks50
GBP/JPY intraday: as long as 133.83 is support look for 135.41
133.83 is our pivot point.
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 trading above both its 20 and 50 MAs (respectively at 134.27 and 132.92).
Alternative scenario:
the downside breakout of 133.83 would call for 133.24 and 132.88.
Our preference:
as long as 133.83 is support look for 135.41.

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