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Gbp/jpy

Posted on the 29 October 2019 by Merks50

GBP/JPY intraday: as long as 139.53 is support look for 141.20
Our pivot point stands at 139.53.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 140.07 and 139.87).
Alternative scenario:
below 139.53, expect 138.91 and 138.54.
Our preference:
as long as 139.53 is support look for 141.20.