Title: GBP/JPY intraday: turning up Summary: Update on supports and resistances. Story: Pivot: 233.08
Our preference: Long positions above 233.08 with targets @ 235.1 & 235.75 in extension.
Alternative scenario: Below 233.08 look for further downside with 232.45 & 231.65 as targets.
Comment: the pair and its intraday RSI have broken above their declining trend lines, a further bounce is expected.
Our preference: Long positions above 233.08 with targets @ 235.1 & 235.75 in extension.
Alternative scenario: Below 233.08 look for further downside with 232.45 & 231.65 as targets.
Comment: the pair and its intraday RSI have broken above their declining trend lines, a further bounce is expected.