GBP/USD intraday: the upside prevails as long as 1.2718 is support
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Our pivot point stands at 1.2718.
Our preference: the upside prevails as long as 1.2718 is support.
Alternative scenario: the downside breakout of 1.2718 would call for 1.2694 and 1.2679.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2725 and 1.2706).
Supports and resistances:
1.2811 **
1.2797 *
1.2783 **
1.2769
1.2738 last
1.2727
1.2718 **
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