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GBP/USD intraday: as long as 1.2894 is support look for 1.2953
2024-07-12
287
Our pivot point stands at 1.2894.
Our preference: as long as 1.2894 is support look for 1.2953.
Alternative scenario: the downside breakout of 1.2894 would call for 1.2872 and 1.2859.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2908 and 1.2879).
Supports and resistances:
1.2979 **
1.2966 *
1.2953 **
1.2940
1.2912 last
1.2903
1.2894 **
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