GBP/USD Intraday: intraday support around 1.3070.

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GBPUSD+0%
2024-10-08 11:31Source:TC

Pivot: 1.3070

Our preference: long positions above 1.3070 with targets at 1.3115 & 1.3135 in extension.

Alternative scenario: below 1.3070 look for further downside with 1.3040 & 1.3020 as targets.

Comment: a support base at 1.3070 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.3160

1.3135

1.3115

1.3099 Last

1.3070

1.3040

1.3020

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-08-2024 at 11:31 UTC+1

Price reference: 1.3099 last known on 10-08-2024 at 11:31 UTC+1

Investment horizon: INTRADAY

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