GBP/JPY intraday: as long as 164.73 is support look for 166.62

Our pivot point is at 164.73.

Our preference: as long as 164.73 is support look for 166.62.

Alternative scenario: the downside breakout of 164.73 would call for 164.06 and 163.65.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 165.28 and 164.77).

Supports and resistances:

167.42 **

167.02 *

166.62 **

166.22

165.40 last

165.00

164.73 **

164.06 *

163.65 **

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 04-11-2023 at 00:09 UTC+1

Price reference: 165.40 last known on 04-11-2023 at 00:09 UTC+1

Investment horizon: INTRADAY