GBP/JPY intraday: the downside prevails as long as 139.66 is resistance
Our pivot point stands at 139.66.
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 139.54 and 140.17).
Alternative scenario:
above 139.66, look for 140.28 and 140.65.
Our preference:
the downside prevails as long as 139.66 is resistance.