GBP/USD Intraday: the upside prevails as long as 1.2849 is support
GBP/USD (GBP/USD)
+0.00100+0.08%
the upside prevails as long as 1.2849 is support.
1.2849 is our pivot point.
Our preference: the upside prevails as long as 1.2849 is support.
Alternative scenario: the downside breakout of 1.2849 would call for 1.2823 and 1.2808.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2867 and 1.2862).
Supports and resistances:
1.2950 **
1.2935 *
1.2919 **
1.2904
1.2873 last
1.2859
1.2849 **
1.2823 *
1.2808 **
Our preference: the upside prevails as long as 1.2849 is support.
Alternative scenario: the downside breakout of 1.2849 would call for 1.2823 and 1.2808.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2867 and 1.2862).
Supports and resistances:
1.2950 **
1.2935 *
1.2919 **
1.2904
1.2873 last
1.2859
1.2849 **
1.2823 *
1.2808 **
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