CM Trade

Download APP to receive bonus

GET

GBP/USD intraday: as long as 1.2670 is support look for 1.2739

2024-03-04
370

Our pivot point is at 1.2670.

Our preference: as long as 1.2670 is support look for 1.2739.

Alternative scenario: below 1.2670, expect 1.2644 and 1.2628.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2688 and 1.2673).

Supports and resistances:

1.2770 **

1.2754 *

1.2739 **

1.2723

1.2690 last

1.2680

1.2670 **

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More