GBP/USD Intraday: the downside prevails as long as 1.2557 is resistance
GBP/USD (GBP/USD)
+0.00156+0.12%
the downside prevails as long as 1.2557 is resistance.
Our pivot point stands at 1.2557.
Our preference: the downside prevails as long as 1.2557 is resistance.
Alternative scenario: above 1.2557, look for 1.2592 and 1.2613.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2541 and 1.2536).
Supports and resistances:
1.2613 **
1.2592 *
1.2557 **
1.2543
1.2529 last
1.2481
1.2460 **
1.2439 *
1.2418 **
Our preference: the downside prevails as long as 1.2557 is resistance.
Alternative scenario: above 1.2557, look for 1.2592 and 1.2613.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2541 and 1.2536).
Supports and resistances:
1.2613 **
1.2592 *
1.2557 **
1.2543
1.2529 last
1.2481
1.2460 **
1.2439 *
1.2418 **
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