Gbp/jpy

Posted on the 06 December 2019 by Merks50
GBP/JPY intraday: target 141.89
143.57 is our pivot point.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (143.08) but above its 50 MA (143.00).
Alternative scenario:
the upside breakout of 143.57, would call for 144.20 and 144.58.
Our preference:
target 141.89.

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