GBP/JPY intraday: the upside prevails as long as 165.59 is support
Alternative scenario: the downside breakout of 165.59 would call for 164.96 and 164.58.
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Alternative scenario: the downside breakout of 165.59 would call for 164.96 and 164.58.
Our preference: as long as 1.3288 is support look for 1.3357.
Our preference: as long as 1.3288 is support look for 1.3357.
Our preference: as long as 0.8837 is support look for 0.8893.
The MACD is positive and below its signal line.
The MACD is positive and below its signal line.
Long positions above 100.9500 with targets at 101.4500 & 101.6000 in extension.
Alternative scenario: the upside breakout of 166.25 would call for 166.88 and 167.25.
Alternative scenario: above 0.6317, look for 0.6347 and 0.6364.
Our preference: the upside prevails as long as 1.3235 is support.