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GBP/USD Intraday: the upside prevails as long as 1.2698 is support

Nov 29, 2024 7:28 PM
the upside prevails as long as 1.2698 is support.
image
Our pivot point stands at 1.2698.
Our preference:
the upside prevails as long as 1.2698 is support.
Alternative scenario:
the downside breakout of 1.2698 would call for 1.2665 and 1.2645.
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 1.2700 and 1.2701).
Supports and resistances:
1.2831 **
1.2811 *
1.2791 **
1.2771
1.2731 last
1.2711
1.2698 **
1.2665 *
1.2645 **
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GBP/USD
1.27297
0.00307
+0.24%