Our pivot point is at 199.95.
Our preference: the upside prevails as long as 199.95 is support
Alternative scenario: below 199.95, expect 199.60 and 199.38.
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 200.11 and 200.16). Finally, the GBP/JPY is trading above its upper Bollinger band (standing at 200.36).
Supports and resistances:
201.51 **
201.30 *
201.09 **
200.87
200.44 last
200.09
199.95 **
199.60 *
199.38 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-15-2025 at 10:45 UTC+1
Price reference: 200.44 last known on 09-15-2025 at 10:45 UTC+1
Investment horizon: INTRADAY
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