GBP/USD Intraday: the downside prevails as long as 1.3412 is resistance
GBP/USD (GBP/USD)
+0.00048+0.04%
the downside prevails as long as 1.3412 is resistance
Our pivot point is at 1.3412.
Our preference: the downside prevails as long as 1.3412 is resistance
Alternative scenario: above 1.3412, look for 1.3441 and 1.3458.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3396 and 1.3389).
Supports and resistances:
1.3458 **
1.3441 *
1.3412 **
1.3401
1.3385 last
1.3345
1.3329 **
1.3312 *
1.3295 **
Our preference: the downside prevails as long as 1.3412 is resistance
Alternative scenario: above 1.3412, look for 1.3441 and 1.3458.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3396 and 1.3389).
Supports and resistances:
1.3458 **
1.3441 *
1.3412 **
1.3401
1.3385 last
1.3345
1.3329 **
1.3312 *
1.3295 **
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