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GBP/USD intraday: rise to 1.2679
2024-03-28
616
1.2608 is our pivot point.
Our preference: rise to 1.2679.
Alternative scenario: the downside breakout of 1.2608 would call for 1.2585 and 1.2571.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2623 and 1.2626).
Supports and resistances:
1.2707 **
1.2693 *
1.2679 **
1.2665
1.2627 last
1.2617
1.2608 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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