GBP/JPY may rise to 201.32 - 206.34

182.89 is our pivot point.

Our preference

Rebound towards 206.34.

Alternative scenario

Below 182.89, expect 174.52 and 169.55.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 193.18 and 198.52).

Supports and resistances

216.39 **

211.37 *

206.34 **

201.32

190.37 last

186.17

182.89 **

174.52 *

169.55 **

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