GBP/USD Intraday: capped by a negative trend line.

Limited Decrease
l
2024-03-13 00:46Source:TC

Pivot: 1.2810

Our preference: short positions below 1.2810 with targets at 1.2765 & 1.2745 in extension.

Alternative scenario: above 1.2810 look for further upside with 1.2830 & 1.2850 as targets.

Comment: as long as 1.2810 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.2850

1.2830

1.2810

1.2792 Last

1.2765

1.2745

1.2725

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 03-13-2024 at 00:46 UTC+1

Price reference: 1.2792 last known on 03-13-2024 at 00:46 UTC+1

Investment horizon: INTRADAY

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