GBP/JPY intraday: as long as 164.96 is support look for 166.77

Our pivot point is at 164.96.

Our preference: as long as 164.96 is support look for 166.77.

Alternative scenario: below 164.96, expect 164.33 and 163.96.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 165.51 and 165.29).

Supports and resistances:

167.52 **

167.14 *

166.77 **

166.39

165.52 last

165.21

164.96 **

164.33 *

163.96 **

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 12:12 UTC+1

Price reference: 165.52 last known on 04-11-2023 at 12:12 UTC+1

Investment horizon: INTRADAY