GBP/JPY intraday: the downside prevails as long as 200.68 is resistance

Our pivot point stands at 200.68.

Our preference: the downside prevails as long as 200.68 is resistance.

Alternative scenario: the upside breakout of 200.68, would call for 201.52 and 202.02.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 200.17 and 200.27).

Supports and resistances:

202.02 **

201.52 *

200.68 **

200.35

199.88 last

198.74

198.24 **