GBP/JPY may rise 58 - 87 pips
BY Trading Central
|7 16, 2024Intraday: the upside prevails as long as 205.29 is support
Our pivot point is at 205.29.
Our preference
The upside prevails as long as 205.29 is support.
Alternative scenario
The downside breakout of 205.29 would call for 204.81 and 204.52.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 205.35 and 205.11).
Supports and resistances
207.15 **
206.87 *
206.58 **
206.29
205.71 last
205.48
205.29 **
204.81 *
204.52 **
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.
Join us on social media
Related Posts
undefined