GBP/JPY may rise to 202.96 - 206.49
BY Trading Central
|December 17, 2024ST: our next up target stands at 206.49
190.62 is our pivot point.
Our preference
Our next up target stands at 206.49.
Alternative scenario
The downside breakout of 190.62 would call for 184.70 and 181.18.
Comment
The RSI is above its neutrality area at 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 price is above its 20 and 50 period moving average (respectively at 193.78 and 194.78).
Supports and resistances
213.56 **
210.02 *
206.49 **
202.96
195.32 last
192.94
190.62 **
184.70 *
181.18 **
Number of asterisks represents the strength of support and resistance levels.
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