GBP/JPY intraday: as long as 162.63 is support look for 164.38

162.63 is our pivot point.

Our preference: as long as 162.63 is support look for 164.38.

Alternative scenario: the downside breakout of 162.63 would call for 161.98 and 161.59.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (163.32) but above its 50 period moving average (163.03).

Supports and resistances:

165.16 **

164.77 *

164.38 **

164.00

163.22 last

162.88

162.63 **

161.98 *

161.59 **

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 03-30-2023 at 05:39 UTC+1

Price reference: 163.22 last known on 03-30-2023 at 05:39 UTC+1

Investment horizon: INTRADAY