Our pivot point is at 190.51.
Our preference: the upside prevails as long as 190.51 is support
Alternative scenario: below 190.51, expect 189.68 and 189.18.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 191.05 and 190.86). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 191.32).
Supports and resistances:
193.97 **
193.47 *
192.97 **
192.47
191.40 last
190.84
190.51 **
189.68 *
189.18 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-07-2025 at 10:45 UTC+1
Price reference: 191.40 last known on 05-07-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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