GBP/USD intraday: rebound towards 1.2994

Limited Increase
u
1675392886756
GBPUSD+0%
2024-11-08 22:42Source:TC

1.2889 is our pivot point.

Our preference: rebound towards 1.2994.

Alternative scenario: below 1.2889, expect 1.2851 and 1.2828.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2925 and 1.2952).

Supports and resistances:

1.3039 **

1.3016 *

1.2994 **

1.2971

1.2924 last

1.2904

1.2889 **

1.2851 *

1.2828 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-08-2024 at 22:42 UTC+1

Price reference: 1.2924 last known on 11-08-2024 at 22:42 UTC+1

Investment horizon: INTRADAY

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