Our pivot point is at 211.02.
Our preference: the downside prevails as long as 211.02 is resistance
Alternative scenario: above 211.02, look for 211.43 and 211.67.
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. Moreover, the price stands below its 20 and 50 period moving average (respectively at 210.99 and 211.06). Finally, the GBP/JPY is trading below its lower Bollinger band (standing at 210.61).
Supports and resistances:
211.67 **
211.43 *
211.02 **
210.86
210.57 last
210.04
209.80 **
209.56 *
209.32 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-05-2026 at 10:35 UTC+1
Price reference: 210.57 last known on 01-05-2026 at 10:35 UTC+1
Investment horizon: INTRADAY
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