UncategorizedWeekly Analysis

GBP/JPY intraday: the upside prevails as long as 141.14 is support( 2.12.2019)

Our pivot point stands at 141.14.

Our preference: the upside prevails as long as 141.14 is support.

Alternative scenario: the downside breakout of 141.14 would call for 140.51 and 140.14.

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 above its 20 and 50 MAs (respectively at 141.49 and 141.45).

Supports and resistances:
143.56 **
143.18 *
142.81 **
142.43
141.66 last
141.39
141.14 **
140.51 *
140.14 **

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