GBP/USD Intraday: the downside prevails as long as 1.2687 is resistance
Nov 20, 2024 3:32 PM
the downside prevails as long as 1.2687 is resistance.
Our pivot point stands at 1.2687.
Our preference:
the downside prevails as long as 1.2687 is resistance.
Alternative scenario:
the upside breakout of 1.2687, would call for 1.2724 and 1.2746.
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 1.2671 and 1.2675).
Supports and resistances:
1.2746 **
1.2724 *
1.2687 **
1.2673
1.2655 last
1.2596
1.2574 **
1.2552 *
1.2530 **
Our preference:
the downside prevails as long as 1.2687 is resistance.
Alternative scenario:
the upside breakout of 1.2687, would call for 1.2724 and 1.2746.
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 1.2671 and 1.2675).
Supports and resistances:
1.2746 **
1.2724 *
1.2687 **
1.2673
1.2655 last
1.2596
1.2574 **
1.2552 *
1.2530 **
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Related Instruments
GBP/USD
1.26464
0.00001
+0.00%