UncategorizedWeekly Analysis

GBP/JPY intraday: the downside prevails as long as 140.47 is resistance (8.11.2019)

Our pivot point is at 140.47.

Our preference: the downside prevails as long as 140.47 is resistance.

Alternative scenario: the upside breakout of 140.47, would call for 141.09 and 141.46.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 140.11 and 140.02).

Supports and resistances:
141.46 **
141.09 *
140.47 **
140.22
139.98 last
139.18
138.81 **
138.44 *
138.07 **

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