GBP/JPY




GBP/JPY


GBP/JPY intraday: the downside prevails as long as 140.03 is resistance

Our pivot point is at 140.03.

Comment:
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 is trading under both its 20 and 50 MAs (respectively at 139.63 and 139.72).

Alternative scenario:
above 140.03, look for 140.65 and 141.02.

Our preference:
the downside prevails as long as 140.03 is resistance.





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