GBP/JPY intraday: the downside prevails as long as 140.53 is resistance
Our pivot point stands at 140.53.
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 is trading above its 20 MA (140.04) but under its 50 MA (140.05).
Alternative scenario:
the upside breakout of 140.53, would call for 141.15 and 141.52.
Our preference:
the downside prevails as long as 140.53 is resistance.
You Might Also Like :