UncategorizedWeekly Analysis

GBP/JPY intraday: above its upper Bollinger band(1.11.2019)

139.52 is our pivot point.

Our preference: rebound.

Alternative scenario: the downside breakout of 139.52 would call for 138.90 and 138.53.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (139.80) but under its 50 MA (140.08). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 140.05).

Supports and resistances:
141.94 **
141.57 *
141.20 **
140.83
140.08 last
139.76
139.52 **
138.90 *
138.53 **

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