GBP/JPY intraday: the upside prevails as long as 139.63 is support
Our pivot point stands at 139.63.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 140.02 and 140.05).
Alternative scenario:
the downside breakout of 139.63 would call for 139.01 and 138.64.
Our preference:
the upside prevails as long as 139.63 is support.
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