GBP/USD intraday: our next up target stands at 1.2139
1.2063 is our pivot point.
Our preference: our next up target stands at 1.2139.
Alternative scenario: the downside breakout of 1.2063 would call for 1.2036 and 1.2019.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2077 and 1.2081).
Supports and resistances:
1.2172 **
1.2155 *
1.2139 **
1.2122
1.2086 last
1.2074
1.2063 **
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