GBP/USD intraday: as long as 1.2349 is support look for 1.2466

Our pivot point stands at 1.2349.

Our preference: as long as 1.2349 is support look for 1.2466.

Alternative scenario: the downside breakout of 1.2349 would call for 1.2305 and 1.2279.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.2370 and 1.2339).

Supports and resistances:

1.2518 **

1.2492 *

1.2466 **

1.2440

1.2388 last

1.2366

1.2349 **

1.2305 *

1.2279 **

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 03-30-2023 at 21:49 UTC+1

Price reference: 1.2388 last known on 03-30-2023 at 21:49 UTC+1

Investment horizon: INTRADAY