Gbp/jpy

GBP/JPY intraday: above its upper Bollinger band
Our pivot point stands at 139.59.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 140.08 and 140.15). Finally, the GBP/JPY has crossed above its upper Bollinger band (140.20).
Alternative scenario:
below 139.59, expect 138.97 and 138.60.
Our preference:
the upside prevails as long as 139.59 is support.