GBP/USD Intraday: under pressure.

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-09-12 05:41Source:TC

Pivot: 1.3070

Our preference: short positions below 1.3070 with targets at 1.3000 & 1.2980 in extension.

Alternative scenario: above 1.3070 look for further upside with 1.3090 & 1.3110 as targets.

Comment: as long as the resistance at 1.3070 is not surpassed, the risk of the break below 1.3000 remains high.

Supports and resistances:

1.3110

1.3090

1.3070

1.3037 Last

1.3000

1.2980

1.2960

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 09-12-2024 at 05:41 UTC+1

Price reference: 1.3037 last known on 09-12-2024 at 05:41 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