Our pivot point is at 208.73.
Our preference: The downside prevails as long as 208.73 is resistance, with 206.79 and 206.29 as targets
Alternative scenario: above 208.73, look for 209.56 and 210.06.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 208.73 and 209.43). The GBP/JPY is trading below its lower Bollinger band (standing at 207.87).
Supports and resistances:
210.06 **
209.56 *
208.73 **
207.78 last
206.79
206.29 **
205.80 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 09-08-2026 at 04:02 UTC+1
Price reference: 207.78 last known on 09-08-2026 at 04:02 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf