GBP/USD intraday: the downside prevails as long as 1.2557 is resistance

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-12-23 17:07Source:TC

Our pivot point is at 1.2557.

Our preference: the downside prevails as long as 1.2557 is resistance.

Alternative scenario: above 1.2557, look for 1.2589 and 1.2608.

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 1.2547 and 1.2566).

Supports and resistances:

1.2608 **

1.2589 *

1.2557 **

1.2544

1.2518 last

1.2478

1.2459 **

1.2439 *

1.2420 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-23-2024 at 17:07 UTC+1

Price reference: 1.2518 last known on 12-23-2024 at 17:07 UTC+1

Investment horizon: INTRADAY

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