Pick of the Day 19 April 2022 GBPUSD

　　

GBPUSD intraday: the downside prevails.

Pivot Level: 1.3034.

Our preference:
the downside prevails as long as 1.3034 is resistance.

Alternative scenario:
above 1.3034, look for 1.3067 and 1.3086.

Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50-period moving average (respectively at 1.3021 and 1.3031).

Note: The information is provided for reference purposes only and doesn’t take into account your personal objectives, financial circumstances, or needs, and does not constitute investment advice. We encourage you to seek independent advice if necessary. VT Academy will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.