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GBP/USD intraday: above its upper Bollinger band
2024-01-19
533
Our pivot point is at 1.2661.
Our preference: rebound.
Alternative scenario: below 1.2661, expect 1.2633 and 1.2617.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (1.2679) but under its 50 period moving average (1.2692). Finally, the GBP/USD is trading above its upper Bollinger band (standing at 1.2691).
Supports and resistances:
1.2775 **
1.2759 *
1.2742 **
1.2726
1.2691 last
1.2672
1.2661 **
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