GBP/JPY intraday: rebound towards 203.80

Our pivot point stands at 201.22.

Our preference: rebound towards 203.80.

Alternative scenario: the downside breakout of 201.22 would call for 200.37 and 199.87.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (201.93) but below its 50 period moving average (202.38).

Supports and resistances:

204.82 **

204.31 *

203.80 **

203.30

202.05 last

201.56

201.22 **