GBP/JPY may rise 57 - 83 pips

BY Trading Central

|March 12, 2024

Intraday: the upside prevails as long as 188.63 is support

 intraday: the upside prevails as long as 188.63 is support

Our pivot point is at 188.63.

Our preference

The upside prevails as long as 188.63 is support.

Alternative scenario

The downside breakout of 188.63 would call for 188.18 and 187.91.


The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 188.51 and 188.44).

Supports and resistances

190.40 **

190.13 *

189.86 **


189.03 last


188.63 **

188.18 *

187.91 **

Number of asterisks represents the strength of support and resistance levels.

© 2024 Trading Central. All Rights Reserved. The information contained herein: (1) is proprietary to Trading Central and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by TIO Markets Ltd, Trading Central or its content providers in respect of the investment in financial instruments. Neither TIO Markets Ltd nor Trading Central nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Pricing, historical chart data and fundamental company data are provided by Morningstar Research Inc.

Technical Event® is a registered trademark of Trading Central.

Trading Central products and services are protected under U.S. Patent Nos.: 6,801,201; 7,469,226; 7,469,238; 7,835,966; and 7,853,506; and corresponding foreign patents.

Trading Central
24/7 Live Chat

Trade responsibly: CFDs are complex instruments and come with a high risk of losing all your invested capital due to leverage.