Get a 30% bonus on every deposit

1
For new & existing clients
2
Only on the Standard account
3
Terms & conditions apply

Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

All

ANALYSIS

EDUCATION

CRYPTO

COMPANY NEWS

PARTNERS

PROMOTIONS

GLOSSARY

GBP/JPY may rise 87 - 131 pips

BY Trading Central

|June 17, 2024

Intraday: rebound

Our pivot point stands at 199.09.

Our preference

Rebound.

Alternative scenario

The downside breakout of 199.09 would call for 198.36 and 197.93.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (199.69) but under its 50 period moving average (199.85).

Supports and resistances

201.89 **

201.46 *

201.02 **

200.58

199.71 last

199.38

199.09 **

198.36 *

197.93 **

Number of asterisks represents the strength of support and resistance levels.

© 2024 Trading Central. All Rights Reserved. The information contained herein: (1) is proprietary to Trading Central and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by TIO Markets Ltd, Trading Central or its content providers in respect of the investment in financial instruments. Neither TIO Markets Ltd nor Trading Central nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Pricing, historical chart data and fundamental company data are provided by Morningstar Research Inc.

Technical Event® is a registered trademark of Trading Central.

Trading Central products and services are protected under U.S. Patent Nos.: 6,801,201; 7,469,226; 7,469,238; 7,835,966; and 7,853,506; and corresponding foreign patents.

Join us on social media