Gbp/jpy

GBP/JPY intraday: the upside prevails as long as 140.50 is support
Our pivot point is at 140.50.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 140.89 and 140.79).
Alternative scenario:
the downside breakout of 140.50 would call for 139.87 and 139.50.
Our preference:
the upside prevails as long as 140.50 is support.