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

Limited Decrease
l
2024-07-24 03:56Source:TC

Pivot: 1.2920

Our preference: short positions below 1.2920 with targets at 1.2870 & 1.2850 in extension.

Alternative scenario: above 1.2920 look for further upside with 1.2940 & 1.2960 as targets.

Comment: the immediate trend remains down and the momentum is strong.

Supports and resistances:

1.2960

1.2940

1.2920

1.2891 Last

1.2870

1.2850

1.2830

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 07-24-2024 at 03:56 UTC+1

Price reference: 1.2891 last known on 07-24-2024 at 03:56 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

More