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GBP/USD intraday: rebound towards 1.2643
2024-02-20
223
Our pivot point is at 1.2577.
Our preference: rebound towards 1.2643.
Alternative scenario: the downside breakout of 1.2577 would call for 1.2552 and 1.2537.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2597 and 1.2607).
Supports and resistances:
1.2673 **
1.2658 *
1.2643 **
1.2628
1.2597 last
1.2587
1.2577 **
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