GBP/USD intraday: rebound towards 1.2933

Limited Increase
u
1675392886756
GBPUSD+0%
2024-11-11 21:57Source:TC

Our pivot point is at 1.2832.

Our preference: rebound towards 1.2933.

Alternative scenario: the downside breakout of 1.2832 would call for 1.2793 and 1.2771.

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 1.2869 and 1.2894).

Supports and resistances:

1.2979 **

1.2956 *

1.2933 **

1.2910

1.2863 last

1.2847

1.2832 **

1.2793 *

1.2771 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-11-2024 at 21:57 UTC+1

Price reference: 1.2863 last known on 11-11-2024 at 21:57 UTC+1

Investment horizon: INTRADAY

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