GBP/USD intraday: the downside prevails as long as 1.2059 is resistance
The configuration is negative.
Search the original 112Brokers article archive. Original publication dates and article addresses are retained.
4077 articles · Page 300 of 340 · Original publication dates
The configuration is negative.
Alternative scenario: below 1.7211, expect 1.7154 and 1.7120.
Our preference: under pressure below 164.04.
The MACD is positive and below its signal line.
Alternative scenario: the downside breakout of 0.8865 would call for 0.8843 and 0.8830.
Our preference: as long as 1.7212 is support look for 1.7366.
Alternative scenario: the downside breakout of 1.7810 would call for 1.7739 and 1.7696.
Alternative scenario: the downside breakout of 144.70 would call for 144.13 and 143.79.
Our preference: rebound towards 104.94.
Short positions below 104.7200 with targets at 104.3500 & 104.1500 in extension.
Long positions above 1.3580 with targets at 1.3640 & 1.3660 in extension.