GBP/JPY intraday: as long as 162.95 is support look for 164.66
The MACD is below its signal line and positive.
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The MACD is below its signal line and positive.
Alternative scenario: the downside breakout of 132.34 would call for 131.81 and 131.50.
Alternative scenario: below 82.16, expect 81.84 and 81.65.
Our preference: the downside prevails as long as 1.2349 is resistance.
Alternative scenario: below 143.40, expect 142.74 and 142.36.
Alternative scenario: the downside breakout of 1.7381 would call for 1.7323 and 1.7289.
Alternative scenario: the upside breakout of 0.9985 would call for 1.0008 and 1.0022.
Short positions below 102.7600 with targets at 102.3800 & 102.3000 in extension.
Short positions below 1.3615 with targets at 1.3540 & 1.3515 in extension.
Long positions above 0.9165 with targets at 0.9225 & 0.9250 in extension.
Long positions above 1.2305 with targets at 1.2360 & 1.2380 in extension.