GBP/JPY intraday : as long as 199.11 is support look for 200.18

Our pivot point is at 199.11.

Our preference: as long as 199.11 is support look for 200.18

Alternative scenario: below 199.11, expect 198.73 and 198.50.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (199.52) but above its 50 period moving average (199.28).

Supports and resistances:

200.63 **

200.41 *

200.18 **

199.96

199.46 last

199.26

199.11 **