GBP/USD Intraday: the upside prevails as long as 1.2197 is support
Jan 16, 2025 6:54 PM
the upside prevails as long as 1.2197 is support.
1.2197 is our pivot point.
Our preference:
the upside prevails as long as 1.2197 is support.
Alternative scenario:
below 1.2197, expect 1.2158 and 1.2135.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2214 and 1.2222).
Supports and resistances:
1.2355 **
1.2332 *
1.2309 **
1.2286
1.2230 last
1.2212
1.2197 **
1.2158 *
1.2135 **
Our preference:
the upside prevails as long as 1.2197 is support.
Alternative scenario:
below 1.2197, expect 1.2158 and 1.2135.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2214 and 1.2222).
Supports and resistances:
1.2355 **
1.2332 *
1.2309 **
1.2286
1.2230 last
1.2212
1.2197 **
1.2158 *
1.2135 **
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