GBP/USD intraday : the upside prevails as long as 1.3408 is support

Our pivot point is at 1.3408.

Our preference: the upside prevails as long as 1.3408 is support

Alternative scenario: below 1.3408, expect 1.3372 and 1.3350.

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 1.3437 and 1.3435). Finally, the GBP/USD is trading above its upper Bollinger band (standing at 1.3451).

Supports and resistances:

1.3564 **

1.3542 *

1.3520 **

1.3499

1.3453 last

1.3423

1.3408 **