GBP/JPY intraday: as long as 163.57 is support look for 165.34

Our pivot point is at 163.57.

Our preference: as long as 163.57 is support look for 165.34.

Alternative scenario: below 163.57, expect 162.91 and 162.52.

Comment: the RSI is above 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 164.01 and 163.62).

Supports and resistances:

166.12 **

165.73 *

165.34 **

164.95

164.17 last

163.82

163.57 **

162.91 *

162.52 **

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 21:50 UTC+1

Price reference: 164.17 last known on 03-30-2023 at 21:50 UTC+1

Investment horizon: INTRADAY