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analysing GBP/JPY for Tuesdayto Nov. 12, 2019


GBP/JPY intraday: as long as 139.88 is support
 look for 141.56
139.88 is our pivot point.

Our preference: as long as 139.88 is support look for 141.56.

Alternative scenario: the downside breakout of 139.88 would call for 139.26 and 138.88.

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 pair is above its 20 and 50 MAs (respectively at 140.28 and 140.07).

Supports and resistances:
142.30 **
141.93 *
141.56 **
141.19
140.45 last
140.12
139.88 **
139.26 *
138.88 **

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