GBP/JPY intraday: as long as 160.76 is support look for 162.67

Our pivot point stands at 160.76.

Our preference: as long as 160.76 is support look for 162.67.

Alternative scenario: the downside breakout of 160.76 would call for 160.05 and 159.62.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 161.35 and 160.87).

Supports and resistances:

163.52 **

163.09 *

162.67 **

162.24

161.37 last

161.04

160.76 **

160.05 *

159.62 **

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 03-21-2023 at 00:09 UTC+1

Price reference: 161.37 last known on 03-21-2023 at 00:09 UTC+1

Investment horizon: INTRADAY