Our pivot point is at 165.84.
Our preference: the upside prevails as long as 165.84 is support.
Alternative scenario: below 165.84, expect 165.21 and 164.83.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 166.09 and 165.98). Finally, the GBP/JPY has crossed above its upper Bollinger band (166.38).
Supports and resistances:
168.45 **
168.07 *
167.69 **
167.31
166.50 last
166.09
165.84 **
165.21 *
164.83 **
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 04-17-2023 at 07:24 UTC+1
Price reference: 166.50 last known on 04-17-2023 at 07:24 UTC+1
Investment horizon: INTRADAY