GBP/USD intraday: under pressure below 1.3267

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-09-19 16:19Source:TC

Our pivot point is at 1.3267.

Our preference: under pressure below 1.3267.

Alternative scenario: the upside breakout of 1.3267, would call for 1.3300 and 1.3320.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3253 and 1.3225).

Supports and resistances:

1.3320 **

1.3300 *

1.3267 **

1.3254

1.3224 last

1.3184

1.3165 **

1.3145 *

1.3126 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-19-2024 at 16:19 UTC+1

Price reference: 1.3224 last known on 09-19-2024 at 16:19 UTC+1

Investment horizon: INTRADAY

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