Our pivot point is at 1.3037.
Our preference: the downside prevails as long as 1.3037 is resistance.
Alternative scenario: the upside breakout of 1.3037, would call for 1.3072 and 1.3093.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3025 and 1.3037). Finally, the GBP/USD has penetrated its lower Bollinger band (1.3005).
Supports and resistances:
1.3093 **
1.3072 *
1.3037 **
1.3023
1.3002 last
1.2959
1.2938 **
1.2917 *
1.2896 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-21-2024 at 16:55 UTC+1
Price reference: 1.3002 last known on 10-21-2024 at 16:55 UTC+1
Investment horizon: INTRADAY
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