GBP/JPY may fall 62 - 91 pips.

GBP/JPY may fall 62 - 91 pips.

Our pivot point is at 215.31.

Our preference : Target 213.97 Alternative scenario Above 215.31, look for 215.80 and 216.09.

Comment : The RSI is below its neutrality area at 50.

The MACD is below its signal line and positive.

The MACD must penetrate its zero line to expect further downside.

Moreover, the price is below its 20 period moving average (214.95) but above its 50 period moving average (214.79).