GBP/USD intraday: the upside prevails as long as 1.2917 is support

Limited Increase
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1675392886756
GBPUSD+0%
2024-11-01 18:14Source:TC

1.2917 is our pivot point.

Our preference: the upside prevails as long as 1.2917 is support.

Alternative scenario: the downside breakout of 1.2917 would call for 1.2878 and 1.2855.

Comment: the RSI is above its neutrality area at 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 1.2932 and 1.2907).

Supports and resistances:

1.3069 **

1.3045 *

1.3022 **

1.2999

1.2951 last

1.2933

1.2917 **

1.2878 *

1.2855 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-01-2024 at 18:14 UTC+1

Price reference: 1.2951 last known on 11-01-2024 at 18:14 UTC+1

Investment horizon: INTRADAY

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