GBP/USD intraday: the upside prevails as long as 1.2305 is support

1.2305 is our pivot point.

Our preference: the upside prevails as long as 1.2305 is support.

Alternative scenario: the downside breakout of 1.2305 would call for 1.2262 and 1.2236.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.2329 and 1.2314).

Supports and resistances:

1.2472 **

1.2446 *

1.2421 **

1.2395

1.2340 last

1.2322

1.2305 **

1.2262 *

1.2236 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-28-2023 at 22:26 UTC+1

Price reference: 1.2340 last known on 03-28-2023 at 22:26 UTC+1

Investment horizon: INTRADAY