GBP/USD intraday: the upside prevails as long as 1.2102 is support
1.2102 is our pivot point.
Our preference: the upside prevails as long as 1.2102 is support.
Alternative scenario: the downside breakout of 1.2102 would call for 1.2071 and 1.2052.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2105 and 1.2099).
Supports and resistances:
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