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GBP/USD intraday: the downside prevails as long as 1.2510 is resistance
2024-04-26
176
Our pivot point is at 1.2510.
Our preference: the downside prevails as long as 1.2510 is resistance.
Alternative scenario: the upside breakout of 1.2510, would call for 1.2532 and 1.2546.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2499 and 1.2504).
Supports and resistances:
1.2546 **
1.2532 *
1.2510 **
1.2501
1.2491 last
1.2459
1.2446 **
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