GBP/SGD intraday: the upside prevails as long as 1.6257 is support

Our pivot point is at 1.6257.

Our preference: the upside prevails as long as 1.6257 is support.

Alternative scenario: below 1.6257, expect 1.6204 and 1.6172.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.6313 and 1.6296).

Supports and resistances:

1.6492 **

1.6460 *

1.6428 **

1.6396

1.6333 last

1.6278

1.6257 **

1.6204 *

1.6172 **

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 03-27-2023 at 10:39 UTC+1

Price reference: 1.6333 last known on 03-27-2023 at 10:39 UTC+1

Investment horizon: INTRADAY