GBP/JPY intraday: as long as 162.95 is support look for 164.66

Our pivot point stands at 162.95.

Our preference: as long as 162.95 is support look for 164.66.

Alternative scenario: below 162.95, expect 162.30 and 161.91.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 163.21 and 162.52).

Supports and resistances:

165.44 **

165.05 *

164.66 **

164.28

163.48 last

163.20

162.95 **

162.30 *

161.91 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-29-2023 at 21:37 UTC+1

Price reference: 163.48 last known on 03-29-2023 at 21:37 UTC+1

Investment horizon: INTRADAY