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GBP/USD intraday: the upside prevails as long as 1.2713 is support
2024-03-19
910
Our pivot point is at 1.2713.
Our preference: the upside prevails as long as 1.2713 is support.
Alternative scenario: the downside breakout of 1.2713 would call for 1.2692 and 1.2679.
Comment: the RSI is above its neutrality area at 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 1.2701 and 1.2713).
Supports and resistances:
1.2793 **
1.2780 *
1.2767 **
1.2755
1.2730 last
1.2721
1.2713 **
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