Title: GBP/JPY intraday: rebound.
Summary: Update on supports and resistances.
Story: Pivot: 130.5
Our preference: Long positions above 130.5 with targets @ 132.5 & 132.9 in extension.
Alternative scenario: Below 130.5 look for further downside with 129.6 & 129.15 as targets.
Comment: the pair has rebounded on its support and should post a further up move as the RSI is well directed.
Key levels
133.75
132.9
132.5
131.76 last
130.5
129.6
129.15
Summary: Update on supports and resistances.
Story: Pivot: 130.5
Our preference: Long positions above 130.5 with targets @ 132.5 & 132.9 in extension.
Alternative scenario: Below 130.5 look for further downside with 129.6 & 129.15 as targets.
Comment: the pair has rebounded on its support and should post a further up move as the RSI is well directed.
Key levels
133.75
132.9
132.5
131.76 last
130.5
129.6
129.15
Last edited: