Our pivot point is at 1.3627.
Our preference: the upside prevails as long as 1.3627 is support
Alternative scenario: below 1.3627, expect 1.3582 and 1.3556.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 1.3625 and 1.3621). Finally, the GBP/USD is trading above its upper Bollinger band (standing at 1.3669).
Supports and resistances:
1.3803 **
1.3777 *
1.3750 **
1.3724
1.3670 last
1.3645
1.3627 **
1.3582 *
1.3556 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-25-2025 at 21:31 UTC+1
Price reference: 1.3670 last known on 06-25-2025 at 21:31 UTC+1
Investment horizon: INTRADAY
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