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GBP/JPY may rise to 204.37 - 208.69
BY Trading Central
|October 15, 2024ST: the upside prevails as long as 189.55 is support
Our pivot point is at 189.55.
Our preference
The upside prevails as long as 189.55 is support.
Alternative scenario
The downside breakout of 189.55 would call for 182.30 and 177.99.
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 price is above its 20 and 50 period moving average (respectively at 192.84 and 190.47).
Supports and resistances
217.34 **
213.02 *
208.69 **
204.37
195.49 last
192.40
189.55 **
182.30 *
177.99 **
Number of asterisks represents the strength of support and resistance levels.
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