164.08 is our pivot point.
Our preference: the downside prevails as long as 164.08 is resistance.
Alternative scenario: above 164.08, look for 164.87 and 165.33.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 163.69 and 163.57). Finally, the GBP/JPY is trading below its lower Bollinger band (standing at 163.37).
Supports and resistances:
165.33 **
164.87 *
164.08 **
163.78
163.36 last
162.33
161.87 **
161.40 *
160.94 **
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 03-02-2023 at 11:35 UTC+1
Price reference: 163.36 last known on 03-02-2023 at 11:35 UTC+1
Investment horizon: INTRADAY