SignalsUncategorizedWeekly Analysis

GBP/JPY intraday: rebound

Our preference: rebound.

Alternative scenario: the downside breakout of 131.40 would call for 130.81 and 130.47.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (131.81) but below its 50 MA (131.96).

Supports and resistances:
133.63 **
133.28 *
132.94 **
132.59
131.87 last
131.63
131.40 **
130.81 *
130.47 **

Leave a Reply

Your email address will not be published. Required fields are marked *