GBP/JPY intraday: rebound towards 140.65
Our pivot point stands at 139.02.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 139.55 and 139.80).
Alternative scenario:
the downside breakout of 139.02 would call for 138.40 and 138.04.
Our preference:
rebound towards 140.65.
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