GBP/USD Intraday: under pressure.

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-11-06 13:20Source:TC

Pivot: 1.2925

Our preference: short positions below 1.2925 with targets at 1.2840 & 1.2790 in extension.

Alternative scenario: above 1.2925 look for further upside with 1.2970 & 1.3010 as targets.

Comment: as long as the resistance at 1.2925 is not surpassed, the risk of the break below 1.2840 remains high.

Supports and resistances:

1.3010

1.2970

1.2925

1.2859 Last

1.2840

1.2790

1.2750

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-06-2024 at 13:20 UTC+1

Price reference: 1.2859 last known on 11-06-2024 at 13:20 UTC+1

Investment horizon: INTRADAY

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