GBP/USD intraday: under pressure below 1.2689

Limited Decrease
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1675392886756
GBPUSD+0%
2024-02-23 21:48Source:TC

1.2689 is our pivot point.

Our preference: under pressure below 1.2689.

Alternative scenario: above 1.2689, look for 1.2714 and 1.2729.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.2681 and 1.2670).

Supports and resistances:

1.2729 **

1.2714 *

1.2689 **

1.2679

1.2667 last

1.2636

1.2621 **

1.2606 *

1.2592 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-23-2024 at 21:48 UTC+1

Price reference: 1.2667 last known on 02-23-2024 at 21:48 UTC+1

Investment horizon: INTRADAY

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