GBP/USD Intraday: above its upper Bollinger band
Feb 4, 2025 3:32 PM
the upside prevails as long as 1.2412 is support.
Our pivot point is at 1.2412.
Our preference:
the upside prevails as long as 1.2412 is support.
Alternative scenario:
the downside breakout of 1.2412 would call for 1.2374 and 1.2351.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2412 and 1.2409). Finally, the GBP/USD is trading above its upper Bollinger band (standing at 1.2444).
Supports and resistances:
1.2579 **
1.2556 *
1.2533 **
1.2510
1.2457 last
1.2427
1.2412 **
1.2374 *
1.2351 **
Our preference:
the upside prevails as long as 1.2412 is support.
Alternative scenario:
the downside breakout of 1.2412 would call for 1.2374 and 1.2351.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2412 and 1.2409). Finally, the GBP/USD is trading above its upper Bollinger band (standing at 1.2444).
Supports and resistances:
1.2579 **
1.2556 *
1.2533 **
1.2510
1.2457 last
1.2427
1.2412 **
1.2374 *
1.2351 **
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GBP/USD
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-0.00216
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