1.2753 is our pivot point.
Our preference: the downside prevails as long as 1.2753 is resistance.
Alternative scenario: above 1.2753, look for 1.2786 and 1.2806.
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 is trading under both its 20 and 50 period moving average (respectively at 1.2750 and 1.2753). Finally, the GBP/USD has penetrated its lower Bollinger band (1.2728).
Supports and resistances:
1.2806 **
1.2786 *
1.2753 **
1.2740
1.2726 last
1.2687
1.2667 **
1.2647 *
1.2628 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-10-2024 at 16:40 UTC+1
Price reference: 1.2726 last known on 12-10-2024 at 16:40 UTC+1
Investment horizon: INTRADAY
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