GBP/USD intraday: as long as 1.2658 is support look for 1.2725

Limited Increase
2024-02-23 19:21Source:TC

Our pivot point stands at 1.2658.

Our preference: as long as 1.2658 is support look for 1.2725.

Alternative scenario: below 1.2658, expect 1.2633 and 1.2618.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. 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 **


1.2679 last


1.2658 **

1.2633 *

1.2618 **

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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