GBPJPY Short
Our pivot point stands at 161.65.
Our preference:
the downside prevails as long as 161.65 is resistance.
Alternative scenario:
the upside breakout of 161.65, would call for 162.66 and 163.27.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 161.52 and 161.76).
Our key levels:
Pivot Last
161.65
160.80
Resistances Supports
163.27
162.66
161.65
159.55
158.94
158.34
Our preference:
the downside prevails as long as 161.65 is resistance.
Alternative scenario:
the upside breakout of 161.65, would call for 162.66 and 163.27.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 161.52 and 161.76).
Our key levels:
Pivot Last
161.65
160.80
Resistances Supports
163.27
162.66
161.65
159.55
158.94
158.34
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