Our pivot point is at 196.28.
Our preference: the upside prevails as long as 196.28 is support
Alternative scenario: below 196.28, expect 195.58 and 195.17.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 196.61 and 196.39). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 196.97).
Supports and resistances:
199.22 **
198.81 *
198.40 **
197.98
197.13 last
196.55
196.28 **
195.58 *
195.17 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 06-23-2025 at 06:45 UTC+1
Price reference: 197.13 last known on 06-23-2025 at 06:45 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf