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Analysis

GBP/JPY may rise to 204.37 - 208.69

BY Trading Central

|Oktober 15, 2024

ST: the upside prevails as long as 189.55 is support

 ST: the upside prevails as long as 189.55 is support

Our pivot point is at 189.55.

Our preference

The upside prevails as long as 189.55 is support.

Alternative scenario

The downside breakout of 189.55 would call for 182.30 and 177.99.

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 price is above its 20 and 50 period moving average (respectively at 192.84 and 190.47).

Supports and resistances

217.34 **

213.02 *

208.69 **

204.37

195.49 last

192.40

189.55 **

182.30 *

177.99 **

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

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