GBP/JPY may rise 95 - 143 pips

199.43 is our pivot point.

Our preference

The upside prevails as long as 199.43 is support.

Alternative scenario

Below 199.43, expect 198.63 and 198.15.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 200.01 and 199.75).

Supports and resistances

202.48 **

202.00 *

201.53 **

201.05

200.10 last

199.74

199.43 **

198.63 *

198.15 **

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