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GBP/USD intraday: as long as 1.2123 is support look for 1.2197
2023-10-05
818
Our pivot point is at 1.2123.
Our preference: as long as 1.2123 is support look for 1.2197.
Alternative scenario: below 1.2123, expect 1.2095 and 1.2079.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2141 and 1.2103).
Supports and resistances:
1.2230 **
1.2214 *
1.2197 **
1.2181
1.2147 last
1.2134
1.2123 **
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