GBP/USD Intraday: the upside prevails.
Long positions above 1.2210 with targets at 1.2260 & 1.2290 in extension.
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Long positions above 1.2210 with targets at 1.2260 & 1.2290 in extension.
Alternative scenario: the downside breakout of 0.6175 would call for 0.6147 and 0.6130.
The configuration is positive.
Our preference: as long as 1.7313 is support look for 1.7458.
The MACD is below its signal line and positive.
Short positions below 1.3760 with targets at 1.3715 & 1.3700 in extension.
Long positions above 0.6625 with targets at 0.6675 & 0.6695 in extension.
Long positions above 0.9170 with targets at 0.9205 & 0.9220 in extension.
Our preference: the upside prevails as long as 1.3303 is support.
Alternative scenario: the downside breakout of 0.8775 would call for 0.8752 and 0.8738.
Alternative scenario: the downside breakout of 159.50 would call for 158.80 and 158.39.