GBP/JPY intraday: as long as 139.80 is support look for 141.44
139.80 is our pivot point.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (140.31) but above its 50 MA (139.88).
Alternative scenario:
the downside breakout of 139.80 would call for 139.18 and 138.81.
Our preference:
as long as 139.80 is support look for 141.44.
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