GBP/USD intraday: the upside prevails as long as 1.2352 is support
Our preference: the upside prevails as long as 1.2352 is support.
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Our preference: the upside prevails as long as 1.2352 is support.
The configuration is negative.
Alternative scenario: the upside breakout of 1.8327 would call for 1.8381 and 1.8412.
Alternative scenario: the downside breakout of 0.9923 would call for 0.9900 and 0.9886.
The configuration is positive.
Our preference: the downside prevails as long as 1.7368 is resistance.
Alternative scenario: the upside breakout of 102.16 would call for 102.45 and 102.62.
The MACD is below its signal line and negative.
Short positions below 102.5500 with targets at 102.0400 & 101.9000 in extension.
Short positions below 1.3490 with targets at 1.3430 & 1.3405 in extension.
Short positions below 0.9170 with targets at 0.9115 & 0.9090 in extension.
Long positions above 1.2340 with targets at 1.2420 & 1.2445 in extension.