GBP/JPY intraday: as long as 164.88 is support look for 166.87
Alternative scenario: the downside breakout of 164.88 would call for 164.20 and 163.80.
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Alternative scenario: the downside breakout of 164.88 would call for 164.20 and 163.80.
Our preference: as long as 144.57 is support look for 146.62.
Alternative scenario: the downside breakout of 1.7432 would call for 1.7373 and 1.7338.
The MACD is below its signal line and positive.
Short positions below 0.6660 with targets at 0.6630 & 0.6615 in extension.
Long positions above 133.00 with targets at 133.85 & 134.20 in extension.
Short positions below 1.2405 with targets at 1.2360 & 1.2345 in extension.
Short positions below 1.0885 with targets at 1.0845 & 1.0830 in extension.
Long positions above 102.2700 with targets at 102.8000 & 103.0000 in extension.
Our preference: as long as 1.3298 is support look for 1.3376.
Our preference: as long as 164.73 is support look for 166.62.