GBP/JPY intraday: the downside prevails as long as 140.51 is resistance

Our pivot point is at 140.51.

the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 140.05 and 140.05).

Alternative scenario:
the upside breakout of 140.51, would call for 141.13 and 141.50.

Our preference:
the downside prevails as long as 140.51 is resistance.

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