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analysing GBP/JPY for Thursday  to Nov. 21, 2019



GBP/JPY intraday: the upside prevails as long as 140.04 is support
140.04 is our pivot point.

Our preference: the upside prevails as long as 140.04 is support.

Alternative scenario: the downside breakout of 140.04 would call for 139.41 and 139.04.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 140.37 and 140.27).


Supports and resistances:

142.47 **
142.10 *
141.73 **
141.36
140.58 last
140.28
140.04 **
139.41 *
139.04 **
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