OANDA:GBPJPY   British Pound / Japanese Yen
Our pivot point stands at 169.05.

Our preference

Eye 166.16.

Alternative scenario

The upside breakout of 169.05, would call for 170.11 and 170.74.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (168.26) but above its 50 period moving average (168.10).

Supports and resistances

170.74 **

170.11 *

169.05 **

168.63

168.16 last

166.80

166.16 **

165.53 *

164.90 **

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

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