GBP/JPY intraday: the upside prevails as long as 136.33 is support
Our pivot point stands at 136.33.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 136.49 and 136.33).
Alternative scenario:
the downside breakout of 136.33 would call for 135.73 and 135.36.
Our preference:
the upside prevails as long as 136.33 is support.
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