GBP/USD intraday: as long as 1.2656 is support look for 1.2725

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1675392886756
GBPUSD+0%
2024-02-23 19:21Source:TC

Our pivot point is at 1.2656.

Our preference: as long as 1.2656 is support look for 1.2725.

Alternative scenario: below 1.2656, expect 1.2631 and 1.2616.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (1.2679) but above its 50 period moving average (1.2669).

Supports and resistances:

1.2755 **

1.2740 *

1.2725 **

1.2710

1.2679 last

1.2666

1.2656 **

1.2631 *

1.2616 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-23-2024 at 19:21 UTC+1

Price reference: 1.2679 last known on 02-23-2024 at 19:21 UTC+1

Investment horizon: INTRADAY

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