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GBP/USD intraday: the downside prevails as long as 1.2464 is resistance
2024-04-16
1018
Our pivot point is at 1.2464.
Our preference: the downside prevails as long as 1.2464 is resistance.
Alternative scenario: above 1.2464, look for 1.2486 and 1.2499.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.2463 and 1.2462).
Supports and resistances:
1.2499 **
1.2486 *
1.2464 **
1.2455
1.2444 last
1.2413
1.2400 **
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